Court remands BDC operator over alleged N144m fraud
30 June 2022 |
2:42 am
Justice Yellim Bogoro of a Federal High Court, Lagos, yesterday, ordered the remand of a Bureau De Change (BDC) operator, Mr. Ibrahim Butali Abdulmumin, in the custody of the Nigerian Correctional Services
Federal High Court, Lagos
Justice Yellim Bogoro of a Federal High Court, Lagos, yesterday, ordered the remand of a Bureau De Change (BDC) operator, Mr. Ibrahim Butali Abdulmumin, in the custody of the Nigerian Correctional Services (NCoS) over alleged N144 million fraud.
The court remanded Abdulmumin following his arraignment by the Police Special Fraud Unit (PSFU) Ikoyi, over alleged fraud.
The 41-year-old BDC operator was arraigned on a two-count charge of obtaining by false pretence, unlawful conversion of the sum of N144 million, fraudulently obtained from a company, to his personal use.
The prosecution counsel, Mr. Henry Obiaze, told the court that the defendant on January 20 2022, by false pretence and with intent to defraud, obtained the sum of N144 million, under the pretence of exchanging it for the sum $250, 000 USD, at N576 to one Dollar.
Obiaze, a Deputy Superintendent of Police (DSP), also told the court that the defendant converted the said sum of N144 million, derived directly by participating in criminal activity of obtaining money by false pretence, with the aim of either concealing or disguising the illicit origin of the money.
He told the court that the offences contravened Section 1(1) (3) of the Advance Fee Fraud and other Fraud Related Offences Act, 2006. And section 15(1) (a) (b) of the Money Laundering (Prohibition) Act, 2011.
Following his plea of not guilty, Obiaze, asked the court for a trial date, while he also prayed the court to remand the defendant in NCoS’ custody till the determination of the charge.
Counsel to the defendant, Aminat Salawu, did not object to the trial date as requested by the prosecutor, she, however, told the court that she needed a short date to file her client’s bail application.
After their submissions, Justice Bogoro adjourned the matter to November 21 for trial and ordered that the BDC operator be remanded in the custody of the NCoS.
Related
2 hours ago
Flutterwave is ready for an initial public offering (IPO), says CEO, Olugbenga ‘GB’ Agboola (Right)[/caption] Nigeria’s top company in the financial technology sector, Flutterwave, has rolled out plans for an initial public offering (IPO). This was disclosed by the chief executive of Flutterwave, Olugbenga ‘GB’ Agboola, at Semafor’s World Economy Summit in Washington D.C. on…
3 hours ago
A Federal High Court, Abuja, on Tuesday, fixed May 10 for ruling on an application by former Governor of Kogi, Alhaji Yahaya Bello, seeking an order of setting aside the April 17 arrest warrant issued against him. Justice Emeka Nwite fixed the date after counsel for the Economic and Financial Crimes Commission (EFCC), Kemi Pinheiro,…
3 hours ago
The Nigerian government has said that every Nigerian borrower who goes for made-in-Nigeria product would get better terms on their credit facility. This was revealed by President Bola Tinubu's spokesperson Ajuri Ngelale during in an interview on TVC. "The president has put in a stipulation that we are going to be giving through the Consumer…
3 hours ago
The Federal High Court in Abuja has rejected the request made by a former governor of Kogi State, Yahaya Bello, that his order of arrest should be discharged. The court rejected the request on Tuesday after Bello who was absent at his arraignment said he is ready to make an appearance but he is afraid…
3 hours ago
Former Governor of Kogi, Alhaji Yahaya Bello, on Tuesday, prayed a Federal High Court, Abuja to vacate the arrest warrant order issued to the Economic and Financial Crimes Commission (EFCC) against him on April 17. Bello, through his lawyer Adeola Adedipe, SAN, made the application following an order by Justice Emeka Nwite, directing the EFCC…
4 hours ago
The management of Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in some parts of Lagos and Ogun states over the recent power disruption. Mr Babatunde Lasaki, General Manager, Corporate Communications, EKEDC, made the appeal in a statement in Lagos. Lasaki said the problem was caused by a fault on Badagry Express…
4 hours ago
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…
4 hours ago
A Dana Air aircraft with registration number 5N BKI, flying from Abuja to Lagos on Tuesday morning, veered off the runway during landing operations at the Murtala Mohammed airport in Lagos. A statement signed by Mr. Kingsley Ezenwa, Head of Corporate Communications of the airline, said all the 83 passengers and crew members onboard were…
4 hours ago
An aircraft operated by Dana Air with registration number 5NBKI with about 83 passengers on board crashlanded at the Muritala Mohammed International Airport, Lagos in the early hours of today. The airline on its official X handle said all passengers on board disembarked unhurt without injuries or scare as the crew handled the situation with…
4 hours ago
A former spokesperson for Atiku Abubakar's 2023 presidential election campaign, Daniel Bwala, has debunked claims that the girl who was bullied in a viral video is his daughter. Bwala refuted the claim through a statement on his X handle on Tuesday morning. "My attention has been drawn to a viral video circulating on all social…
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.