In their report, the FIC said they started their investigation when more than 35,000 cash transactions were linked to the individual as well as corporate bank accounts of the lawyers. It was also found that the deposits made in these banks were coming with unauthorised sources, such as from banks in China and Dubai. At the same time, these transactions were highly active during events such as trial of Rupiah Banda for the Nigerian Oil Deals, fraudulent elections and the presidential petition. It is easy to deduce here that majority of the money from these transactions were utilised to fund these corrupt events and practices.
Some of the top names involved in the list included those of Masozi M. Banda and Sakwiba Sikota. Banda is a legal counsellor from Avic International and is accused of laundering money more than USD 1 million. On the other hand, Sikota is the owner of Central Chambers and is more infamous for his long term association with the Ventriglias as their legal counsellor.
It is clear that the lawyers involved in this money laundering act are all guilty as they all have engaged in unethical activities before. The government is expected to take strict action against them.