• About
  • Advertise
  • Contact
Saturday, August 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

NDLEA Freezes N20bln In 103 bank accounts Of Mallinson Ukatu, Suspected Drug Baron

Vital News by Vital News
October 27, 2022
in Crime
0
Share on FacebookShare on Twitter

Abuja – The National Drug Law Enforcement Agency (NDLEA) has confiscated N20billion lodged in 103 bank accounts belonging to Lagos socialite and businessman, Mallinson Ukatu, who is being held in Ikoyi Custodial Centre for drug dealing.

The NDLEA has also filed 23-count charge against the Ukatu 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 charges dated August 4, 2022, were signed by 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 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.

The billionaire was said to have used Fruitropics Industries Limited’s United Bank for Africa account no. 1006588563 to illegally convert N123.8mln which is deemed to be proceeds of an unlawful act, contrary to section 15(2)(b) and punishable under section 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).

RelatedStories

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison

NDLEA Intercepts N7.8bln Worth Of Opioids In Rivers, Nabs Notorious Drug Kingpin In Delta

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).”

The drug agency further accused the businessman of using Multi-Links Service Limited’s Access Bank account no. 0720857089 to convert N52.4m between January 1, 2017 and October 14, 2021.

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 was also said to have between January 7, 2018 and October 14, 2021, used Access Bank Plc’s account no. 0006744778 operated by Mallinson and Partners to convert N7.201bn, contrary to the money laundering laws.

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.
(Punch)

Tags: bankMallinsonNDLEAUkatu
Previous Post

Ngurah Rai International Airport To Close For 24 Hours For Nyepi

Next Post

Court Restrains Kogi Govt From Further Disrupting Dangote Cement’s Operations

Vital News

Vital News

RelatedStories

IGP Reiterates Ban On Public Parade Of Suspects
Crime

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

August 21, 2025
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu
Crime

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

August 20, 2025
NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison
Crime

NDLEA Secures Conviction Of Two Drug Kingpins, Emami, Akpomuai, To Spend 10-yrs In Prison

August 19, 2025
NDLEA Intercepts N7.8bln Worth Of Opioids In Rivers, Nabs Notorious Drug Kingpin In Delta
Crime

NDLEA Intercepts N7.8bln Worth Of Opioids In Rivers, Nabs Notorious Drug Kingpin In Delta

August 17, 2025
National Security : Nigeria Records Breakthrough, Captures Two Most Wanted Terrorist Leaders
Crime

National Security : Nigeria Records Breakthrough, Captures Two Most Wanted Terrorist Leaders

August 16, 2025
Next Post

Court Restrains Kogi Govt From Further Disrupting Dangote Cement’s Operations

FG Announces Preferred Bidders For Abuja, Lagos Airports

Suspend Sale Of TBS, Lawsuit Pending, Lagos Tells FG

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Sultan Worries Over High Spate Of Hatred Towards Islam, Muslims In South West Over Sharia Panels

Sultan Abubakar Directs Muslims In Nigeria To Commence Ramadan Fast March 1

6 months ago

Ogun Governorship Election : OGD Hiding Behind The Needle by Tunde Salako

2 years ago
Lagos Finally Admits Killing Of 103 Persons In 2020 EndSars Protests

Lagos Finally Admits Killing Of 103 Persons In 2020 EndSars Protests

2 years ago
Ogun Deputy Governor Advocates Accurate Boundary Demarcation To Prevent Conflicts

Ogun Deputy Governor Advocates Accurate Boundary Demarcation To Prevent Conflicts

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

Abia Secures $750mln World Bank Support For Renewable Energy

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

Trending

Dangote Cement Re-trains 900 Truck Drivers To Boost Operational Efficiency
News

Dangote Cement Re-trains 900 Truck Drivers To Boost Operational Efficiency

by Vital News
August 22, 2025
0

The management of Dangote Cement Plc (DCP) has restated its commitment to training and constant retraining of...

Japan Designates Kisarazu City As Hometown For Nigerians

Japan Designates Kisarazu City As Hometown For Nigerians

August 22, 2025
FAAC Disburses N1.678trn February Revenue To FG, States, LGs

FAAC Shares N2.001 July 2025 Revenue To FG, States, LGs

August 22, 2025
Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba,  N1.07bln Salary Arrears

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

August 22, 2025
First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

August 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Dangote Cement Re-trains 900 Truck Drivers To Boost Operational Efficiency August 22, 2025
  • Japan Designates Kisarazu City As Hometown For Nigerians August 22, 2025
  • FAAC Shares N2.001 July 2025 Revenue To FG, States, LGs August 22, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In