Nigeria: Bureau de Change operator remanded in prison over N20.6 million fraud
The Nigeria Economic and Financial Crimes Commission, EFCC, has arraigned a Bureau de Change operator from Mubi, Adamawa State, Isa Abdulkarim before Justice I.B Gafai of the Federal High Court, Awka, Anambra State on a four count charge of obtaining the sum of N20.650,000.00 (Twenty Million, Six Hundred and Fifty Thousand Naira only) under false pretences.
AltAfrika.com learnt Abdulkarim’s troubles started sometime in November 2017, when he falsely presented himself as being capable of purchasing an equivalent of N20.6 million in Cameroonian CFA from the complainant’s client but absconded with the money to Republic of Chad without purchasing the said foreign exchange.
He was arrested after efforts in retrieving the said money failed. However, investigations revealed that the money was actually transferred to his Diamond Bank account.
Abdulkarim pleaded not guilty to the charges when they were read and interpreted in Hausa language to him, prompting his counsel ,C.N Ekwueme to move for the bail of his client. But the court rejected the oral application.
Justice Gafai, adjourned the case to May 25, 2018 for hearing on the matter. He remanded the defendant in prison custody.