Breaking News

EFCC arraigns bureau de change operator over alleged N7.3m scam

Kindly Share This Story:

The Economic and Financial Crimes Commission (EFCC), on Tuesday arraigned a bureau de change operator, Baba Abba, in a Wuse High Court, Abuja, over alleged N7.3 million fraud.

The defendant was docked for allegedly defrauding one Nasir Uba of N7.3 million.

The defendant who is facing a two-count charge of conspiracy and criminal breach of trust, before Justice Mamman Kolo, however, denied committing the offences.

The prosecuting counsel, Sunday Dino, alleged that the complainant sometimes in August 2017, instructed the defendant to transfer N7.3 million in dollar equivalent to his brother in the United Kingdom.

The defendant claimed the money was transferred through one of the new generation banks on Aug. 20, 2017.

Dino also alleged further that the defendant forged a document and presented it to the complainant as proof of the transfer.

He, however, said that the defendant dishonestly converted the said money to his personal use.

The prosecuting counsel said the offences contravened the provisions of Section 312 of the Penal Code and asked the court for a trial date.

The judge granted the defendant bail in the sum of N2 million with a surety in like sum and adjourned the case until March 13 for commencement of trial.


Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!