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EFCC arraigns Kano BDC operator for alleged N197m fraud

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The Economic and Financial Crimes Commission (EFCC), Kano Zonal Command, yesterday, arraigned a Bureau De Change (BDC) operator, Yusuf Yakubu, before Justice Sanusi Ma’aji of Kano State High Court over fraud.

The defendant allegedly obtained $870,000 from a complainant for exchange to naira, but returned only N220.3 million and diverted N197.6 million.

EFCC spokesman, Wilson Uwujaren, stated that when the charge was read to the suspect, he pleaded not guilty; hence was granted bail in the sum of N50 million and two sureties in like sum.

Consequently, the Prosecution Counsel, Musa Isah, asked the court for trial date.

But counsel for the defendant, Abdul Adamu, informed the court that he had filed a motion challenging the jurisdiction of the court.

Justice Ma’aji adjourned the matter till August 18 for argument on the motion.

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