12 May 2017

Nigeria: Bank Staff Arraigned for N100 Million Forex Scam

Abuja — The Economic and Financial Crimes Commission (EFCC) Thursday arraigned one Ibrahim Bashir before Justice R.D Aisha of the Kano State High Court on one count charge of obtaining money by false pretence to the tune of N40,000,000.

The accused person allegedly induced the complainant to part with the sum of N100,000,000 under the pretext that the money would be invested in forex business which will earn a profit of N7,000,000 weekly.

Contrary to the claim of the accused person that he was the bank manager in charge of forex, investigation however revealed through the voluntary statements of the bank officials that the accused person was only an office assistant in the marketing department.

The charge read: "You Ibrahim Bashir sometimes in 2015 at Kano, within the judicial division of the High Court of Kano State, while working with the United Bank for Africa Post Office Branch, Kano, as office assistant in the marketing department, with intent to defraud obtained from one Mohammed Ibrahim Ma'aji of Platinum Synergy Limited the sum of N100,000,000 via your company account called Rabnas Global Concept by falsely representing to him that you are head of forex with United Bank for Africa and a registered Bureau de Change operator and that the money will be invested in forex business by given him monthly profit of N7,000,000 and will also refund his entire capital of N100,000,000 at the end of December 2015 which you did not and you thereby committed an offense contrary to section 1 (1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under section 1 (3) of the same Act".

The accused person pleaded not guilty when the charge was read to him.

Counsel for the prosecution, Idris I. Haruna, requested a date for trial in view of the plea of the accused person.

However, the defence counsel moved a motion for bail praying the court to admit his client to bail.

Justice Aisha adjourned the matter to June 1, 2017 for ruling on bail application and commencement of trial.

The accused person was ordered to be remanded in prison custody pending ruling on bail application.

Nigeria

Oil Spills Double Infant Mortality Risk, Research Shows

Babies are much more likely to die in their first few weeks of life if their mothers live close to the site of an oil… Read more »

Copyright © 2017 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.