Nigeria, July 18 -- A prosecution witness told the Federal High Court in Abuja on Thursday how SunTrust Bank executives, Halima Buba and Innocent Mbagwu, allegedly facilitated suspicious $12 million forex transactions, bypassing the regular financial procedure.

Suleiman Ciroma, the first prosecution witness, said $12 million cash was disbursed at SunTrust Bank branches in Abuja and Lagos within 10 days.

The defendants - Ms Buba and Mr Mbagwu, are the Managing Director/Chief Executive and Chief Compliance Officer of SunTrust Bank, respectively.

The Economic and Financial Crime Commission (EFCC) arraigned them on 13 June before trialf judge Emeka Nwite on six counts of money laundering.

The commission accused them of facilitating large ...