NDLEA confiscate N20bn belonging to Lagos drug dealer Mallinson Ukatu

The National Drug Law Enforcement Agency(NDLEA) has confiscated N20bn lodged in 103 bank accounts belonging to Lagos socialite and businessman, Mallinson Ukatu, who is being held in Ikoyi Custodial Centre for drug dealing.

Recall that  NDLEA apprehended Ukatu on a flight from Lagos to Abuja on April 13. He was arrested over an alleged N3 billion tramadol deal linked to Abba Kyari, the suspended deputy commissioner of police (DCP). The agency had earlier obtained an interim seizure of 25 properties belonging to Ukatu on August 29.

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 billionaire was said to have used Fruitropics Industries Limited’s United Bank for Africa account no. 1006588563 to illegally convert N123.8m 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).

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.

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 offense contrary to section 15(2)(b) and punishable under section 15(3) and (4) of the Money Laundering Prohibition Act, 2011 (as amended).”

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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 offense 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.