{"id":81569,"date":"2026-01-13T19:54:29","date_gmt":"2026-01-13T19:54:29","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=81569"},"modified":"2026-01-13T19:54:29","modified_gmt":"2026-01-13T19:54:29","slug":"icpc-arraigns-el-rufai-associate-over-%e2%82%a6311bn-money-laundering","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2026\/01\/13\/icpc-arraigns-el-rufai-associate-over-%e2%82%a6311bn-money-laundering\/","title":{"rendered":"ICPC Arraigns El-Rufai Associate Over \u20a6311bn Money Laundering"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Amadu Sule, Managing Director of TMDK Terminal Limited and an associate of former Kaduna State Governor Nasir el-Rufai, over an alleged \u20a6311 billion money laundering scheme.<br \/>\nSule appeared before the Federal High Court in Kaduna on Monday, facing five counts of money laundering and unlawful retention of proceeds of fraud, contrary to the Money Laundering (Prevention and Prohibition) Act, 2022. The court adjourned the case to January 15 for hearing of his bail application.<br \/>\nAccording to the ICPC, Sule allegedly controlled over \u20a6311 billion traced to accounts in three commercial banks. The funds, reportedly payments for petroleum products, were traced to INT Towers Limited, IHS Nigeria Ltd, IHS Towers NG Ltd, and Boaz Commodities Limited.<br \/>\nThe commission said Sule and TMDK Terminal Limited unlawfully retained tax components of the transactions despite knowing the funds were linked to fraudulent activity. The ICPC warned that such handling of illicit proceeds attracts enhanced penalties under the Act.<br \/>\nThe case has drawn attention due to TMDK Terminal\u2019s business and political links with the el-Rufai family, including former Governor Nasir el-Rufai and his elder brother, Bashir el-Rufai.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Amadu Sule, Managing Director of TMDK Terminal Limited and an associate of former Kaduna State Governor Nasir el-Rufai, over an alleged \u20a6311 billion money laundering scheme. Sule appeared before the Federal High Court in Kaduna on Monday, facing five [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":81570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172,186],"tags":[],"class_list":["post-81569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=81569"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81569\/revisions"}],"predecessor-version":[{"id":81571,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/81569\/revisions\/81571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/81570"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=81569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=81569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=81569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}