The Economic and Financial Crime Commission has indicted a Bureau De Change Operator over alleged ₦197,600,000.00 fraud in Kano State.
The Kano State Zonal Command of the Economic and Financial Crimes Commission (EFCC), has indicted a Bureau De Change (BDC) operator, Yusuf Yakubu on Wednesday, August 4th, before the Kano State High Court presided over by Justice Sanusi Ma’aji for a charge bordering on misappropriation.
The suspect was said to have allegedly obtained the sum of eight hundred and seventy thousand dollars ($870,000) only from the plaintiff under the pretext of changing the sum to naira but returned only the sum of two hundred and twenty million, Three Hundred Thousand naira (₦220, 300,000) only and diverted the balance of (₦197, 600,000) one hundred and ninety-seven million, six hundred thousand naira only.
At the court sitting on Wednesday, the charge was read to him;
“That Yakubu Yusuf on or about 14 of January 2021 within the jurisdiction of this honorable Court, with intent to defraud, dishonestly and misappropriated the sum of (₦149, 000,000) one hundred and forty-nine million naira only, belonging to Oliver Ogokumaka and Obumnemi Okoli and thereby committed an offense contrary to section 308 and punishable under section 309 of the Penal Code.”
The suspect pleaded not guilty to the one-count charge. The prosecution counsel, Musa Isah however asked the court for a trial date.
Counsel to the suspect, Abdul Adamu informed the court that he had filed a motion challenging the jurisdiction of the court.
The presiding Judge, Justice Ma’aji however adjourned the matter till August 18 for argument on the motion.
Justice Ma’aji granted the suspect bail of fifty Million naira (₦50, 000,000) and two sureties in like sum.
One of the sureties must be a relative of the suspect and both must be residents of Kano State and their business addresses must also be verified.