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NDLEA Confiscates 20bn In 103 Bank Accounts Belonging To Lagos Socialite

The National Drug Law Enforcement Agency (NDLEA) on Thursday said it has taken possession of about N20bn scattered across 103 bank accounts. The monies are said to belong to Mallinson Ukatu, a Lagos socialite and businessman, who is currently being held in Ikoyi Custodial Centre for drug dealing.

According to reports from Punch, the NDLEA has also filed 23-count charges against the socialite and his six companies -Fruitroprics Industries Limited, Mallinson and Partners Limited, NISPO Porcelain Company Limited, MBL Multi-links Services Limited, NISPO Oil and Gas Limited and Urban Space Services Limited- before the Federal High Court, Abuja.

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

The drug agency had earlier obtained an interim seizure of 25 properties belonging to Ukatu who was arrested for allegedly importing tramadol valued at N3bn into the country.

Also, reports say, the billionaire converted N123.8 million, which is considered to be the proceeds of an illegal act and is punishable under sections 15(3) and (4) of the Money Laundering Prohibition Act of 2011(as amended), illegally using Fruitropics Industries Limited’s United Bank for Africa account number:1006588563.

The first defendant was also alleged to have, between January 1, 2018, and September 23, 2021, used Mallinson and Partners Limited’s UBA account no. 1001228653 to convert N1.447bn which was a proceed of crime in violation of the Money Laundering Prohibition Act, 2011 (as amended).

 

Count six read, “That you, Ukatu Mallinson, male, adult, and Mallinson & Partners Limited, a corporate body registered in Nigeria, between July 25, 2017, and October 14, 2021, in Nigeria, within the jurisdiction of this Honourable Court using Mallinson & Partners Limited’s Access Bank account no. 0004974284 converted the sum of $347, 755 knowingly or reasonably ought to have known to be proceeds of an unlawful act and thereby committed an offence contrary to section 15(2)(b) and punishable under section 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).”

NDLEA also charged the businessman with converting N52.4m between January 1, 2017, and October 14, 2021, using Multi-Links Service Limited’s Access Bank account number: 0720857089.

Count 13 read, “That you, Ukatu Mallinson, male, adult, and Mallinson & Partners Limited, a corporate body registered in Nigeria, between January 2, 2019, and October 14, 2021, in Nigeria, within the jurisdiction of this Honourable Court using Mallinson & Partners Limited’s Access Bank Plc account no. 0006750241 converted the sum of N10.875bn knowingly or reasonably ought to have known to be proceeds of an unlawful act and thereby committed an offence contrary to Section 15(2)(b) and punishable under Section 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).’’

The accused allegedly converted N7.201 billion between January 7, 2018, and October 14, 2021, using Access Bank Plc’s account number 0006744778, which was run by Mallinson and Partners, in violation of money laundering regulations.

The FG also complained that the first defendant laundered $643, 024.67 using Access Bank’s account no. 0021354930 belonging to Mallinson and Partners Limited. This allegedly occurred between February 6, 2019, and October 14, 2021.

The businessman was also alleged to have laundered $260, 268.25 in Access Bank Plc’s account no. 0076058733 belonging to NISPO Porcelain Company Limited between January 1, 2017, and October 14, 2021.

The prosecutor further revealed that Ukatu laundered N895.6m 727.49 in Access Bank’s account no. 0053720969 operated by Mallinson & Partners Limited between January 2, 2019, and October 14, 2021.

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