The EFCC had called Idongesit Udom, a deputy manager at Zenith Bank as it’s a first witness and Abdulrahman Arabo, the investigating officer as its second and final witness.
Described as 'one of the largest and most prominent Oil and Gas deals in Africa for more than a decade', a group of global and regional banks and investors provided US$1.1 billion across the different layers of the capital structure.
Steinmetz, 64, was previously sentenced in absentia to five years in prison by a court in Romania for money laundering.
This legal action is the last resort available to SAB in order to protect our employees, suppliers, customers, consumers and all the livelihoods we support.
In view of Honeywell’s decision to appeal the Court of Appeal’s judgement, the legal tussle which began in 2015, will now continue at the Supreme Court.