NDLEA Freezes Mallinson Ukatu’s N20BN In 103 Bank Accounts

The National Drug Law Enforcement Agency has confiscated N20bn lodged in 103 financial institution debts belonging to Lagos socialite and businessman, Mallinson Ukatu, who’s being held in Ikoyi Custodial Centre for drug dealing.

The NDLEA has additionally filed 23-matter prices towards the socialite and his six companies -Fruitroprics Industries Limited, Mallinson and Partners Limited, NISPO Porcelain Company Limited, MBL Multi-hyperlinks Services Limited, NISPO Oil and Gas Limited and Urban Space Services Limited- earlier than the Federal High Court, Abuja.

The prices dated August 4, 2022, have been signed through the Director, Prosecution and Legal Services, J. Sunday, J. Obi, Bridget Viasimah, J. Aernan and the Prosecuting Counsel, Mike Kassa, on behalf of the Attorney-General of the Federation.

The drug employer had in advance acquired an meantime seizure of 25 residences belonging to Ukatu who become arrested for allegedly uploading tramadol worth N3bn into the country.

The billionaire changed into stated to have used Fruitropics Industries Limited’s United Bank for Africa account no. 1006588563 to illegally convert N123.8m that is deemed to be proceeds of an illegal act, opposite to phase 15(2)(b) and punishable beneathneath segment 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).

The first defendant became additionally supposed to have, among January 1, 2018 and September 23, 2021, used Mallinson and Partners Limited’s UBA account no. 1001228653 to transform N1.447bn which became a continue of crime in violation of the Money Laundering Prohibition Act, 2011 (as amended).

Count six read, “That you, Ukatu Mallinson, male, person and Mallinson & Partners Limited, a company frame registered in Nigeria, among July 25, 2017 and October 14, 2021 in Nigeria, inside the jurisdiction of this Honourable Court the use of Mallinson & Partners Limited’s Access Bank account no. 0004974284 transformed the sum of $347, 755 knowingly or fairly have to have recognized to be proceeds of an illegal act and thereby devoted an offence opposite to segment 15(2)(b) and punishable beneathneath segment 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).”

The drug organization in addition accused the businessman of the usage of Multi-Links Service Limited’s Access Bank account no. 0720857089 to transform N52.4m among January 1, 2017 and October 14, 2021.

Count thirteen read, “That you, Ukatu Mallinson, male, grownup and Mallinson & Partners Limited, a company frame registered in Nigeria, among January 2, 2019 and October 14, 2021 in Nigeria, in the jurisdiction of this Honourable Court the use of Mallinson & Partners Limited’s Access Bank Plc account no. 0006750241 transformed the sum of N10.875bn knowingly or moderately have to have recognized to be proceeds of an illegal act and thereby dedicated an offence opposite to Section 15(2)(b) and punishable beneathneath Section 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).’’

The accused become additionally stated to have among January 7, 2018 and October 14, 2021, used Access Bank Plc’s account no. 0006744778 operated through Mallinson and Partners to transform N7.201bn, opposite to the cash laundering laws.

The FG additionally complained that the primary defendant laundered $643, 024.sixty seven the use of Access Bank’s account no. 0021354930 belonging to Mallinson and Partners Limited.

This allegedly befell among February 6, 2019 and October 14, 2021.

The businessman turned into additionally supposed to have laundered $260, 268.25 in Access Bank Plc’s account no. 0076058733 belonging to NISPO Porcelain Company Limited among January 1, 2017 and October 14, 2021.

The prosecutor in addition discovered that Ukatu laundered N895.6m 727.forty nine in Access Bank’s account no. 0053720969 operated with the aid of using Mallinson & Partners Limited among January 2, 2019 and October 14, 2021.