BDC operator in court over alleged N43.3 million fraud

The defendant will be remanded in custody pending commencement of trial.

Bukar Mohammed has pleaded not guilty to the charge against him [EFCC]

The Economic and Financial Crimes Commission (EFCC) has arraigned a Bureau de Change (BDC) operator in court over alleged fraud to the tune of N43.3 million.

Maiduguri-based Bukar Mohammed was hit with a one-count charge of obtaining by false pretence before the Borno State High Court in the capital city on Tuesday, September 7, 2021.

Court documents noted that he fraudulently induced one Alhaji Ali Mohammed to deliver N43,328,000 to him for safekeeping in 2018.

"The defendant allegedly converted the money entrusted in his custody for safekeeping to his own personal use," EFCC said in a statement.

The prosecution told the court the offence is contrary to and punishable under Section 1(1)(b) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.

Mohammed pleaded not guilty to the charge, and commencement of trial was scheduled for September 14.

Justice Aisha Kumaliya ordered the defendant remanded in custody pending trial.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Osinbajo: 'All of us will lose out if Nigeria breaks up'

The UK will grant 10,500 visas to truck drivers, farmers as petrol scarcity bites harder

Outgoing NCDC boss says Nigerians will have to learn to live with COVID-19

1 passenger dies in Lagos boat accident, 16 rescued

Taking COVID-19 vaccine is a matter of civic duty, says Health Minister

COVID-19 committee decries extortion of travelers at airports

'This is not GYB's standard,' Yahaya Bello blasts Chinese contractors over substandard job

Osinbajo is very happy with Nigerian journalists at the moment

Governor Ayade tasks INEC on free, fair 2023 elections