A witness has confirmed the legitimacy of financial transactions by TMDK TERMINAL at the ongoing hearing of the matter before the Federal High Court sitting in Kaduna on Wednesday, March 11, 2026.
The Company and its Chairman/CEO, Amadu Sule, are facing a five-count charges with ICPC for alleged money laundering, and Amadu Sule has been detained for about four months at the ICPC headquarters in Abuja without being granted bail.
The witness, who served as Regional Bank Manager of financial institutions banking with TMDK, was brought before the honourable court to testify on some financial transactions questioned by the ICPC.
During over two hours of cross-examination, the witness insisted that TMDK TERMINAL, led by Amadu Sule, are undertaking legitimate oil trading and agriculture investments, and all financial dealings are, to the best of his knowledge as a supervisor of bank branches where most of the accounts belonging to TMDK are domiciled, legitimate.
The court has adjourned sitting until April 1st, 2026, for continuation of hearing.
