Photo: EFCC Arraigns Bureau de Change Operator for $50k fraud

Find the EFCC Press statement below

The Economic and Financial Crimes Commission, EFCC, today, October 20, 2014 arraigned one Abubakar Abdullahi before Justice Dije Aboki of Kano State High Court on one count charge of criminal breach of trust.

The accused, who is the manager of Maisabulu Bureau de Change, Kano, had sometime in April, 2013 upon the instruction of his employer, Alhaji Kabiru Maisabulu, the managing director of Maisabulu Bureau de Change purchased the sum of 50,000 United States dollars from the Central Bank of Nigeria on behalf of one Bello Sani Yakassai of Misau Bureau de Change but, converted the said sum for his personal use.

The count reads: " That you Abubakar Abdullahi being the manager of Maisabulu Bureau de Change sometime in April 2013 in Kano within the judicial division of the High Court of Justice of Kano being entrusted with certain property to wit: the sum of $50,000.00 equivalent to the sum of N7,780,000.00 given to you by Ahaji Kabiru Maisabulu for onward transmission to Bello Sani Yakassai committed criminal breach of trust in respect thereof and that you thereby committed an offence punishable under section 314 of the Penal Code"

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

Based on his plea, Justice Aboki ordered that the accused be remanded in EFCC custody pending the hearing of the bail application and adjourned the matter to November 4, 2014.