Metro

Fake Bureau De Change Operator Jailed 87 Years For N325m Fraud

Published

2 years ago

October 7, 2023

Justice Malami Dogondaji of the Sokoto State High Court has convicted and sentenced Abubakar Ahmad to 87 years imprisonment for criminal breach of trust and obtaining by false pretence the sum of N325,800,000 (Three Hundred and Twenty Five Million, Eight Hundred Thousand Naira).

Ahmad was jailed on Thursday, October 5, 2023, after pleading guilty to 12-count charges bordering on criminal breach of trust and obtaining by false pretence.

One of the charges reads: “That you Abubakar Ahmad, sometime in October 2022 in Sokoto within the Judicial Division of the High Court of Justice Sokoto State while being entrusted with property to wit: the total sum of N80,100,000.00 (Eighty Million One Hundred Thousand Naira) by one Usama Abdullahi for the purpose of Bureau de Change business; you dishonestly converted the said property/sum to your personal use in violation of the mode in which the trust was to be discharged and you thereby committed the offence of Criminal Breach of Trust contrary to Section 300 of the Sokoto State Penal Code Law 2019 and punishable under Section 301 of the same Law”.

Another charge read: “That you Abubakar Ahmad Abubakar sometime in March 2023 in Sokoto within the Judicial Division of the High Court of Justice Sokoto State, while being entrusted with property to wit: the total amount of N50,000,000.00 (Fifty Million Naira) by one Najib Hamza for the purpose of Bureau de Change business; you dishonestly converted the said property/sum to your personal use in violation of the mode in which the trust was to be discharged and you thereby committed the offence of Criminal Breach of Trust contrary to Section 300 of the Sokoto State Penal Code Law 2019, and punishable under Section 301 of the same Law”.

Upon arraignment, the defendant pleaded guilty to all the 12 counts preferred against him, prompting EFCC’s counsel, Kufre Ekpeyoung to pray the court to convict him accordingly.

Defence Counsel, Hamza Liman pleaded for a lighter sentence for his client “in view of the fact that he is a first-time offender.”

Justice Dogondaji, thereafter, convicted and sentenced Abubakar Ahmad Abubakar to 87 years imprisonment with an option of a fine of N200,000.00 (Two Hundred Thousand Naira) on each count totalling N2,400.000.00 (Two Million Four Hundred Thousand Naira). He also ordered restitution of N225,661,000 (Two Hundred and Twenty Five Million Six Hundred and Sixty One Thousand Naira) to all the petitioners, through the EFCC.

Ahmad was sent to the Correctional centre after he was arrested by operatives of the Sokoto Zonal Command of the EFCC for defrauding 12 different persons of various sums of money under the guise of investments in his purported bureau-de-change business, which investigations proved to be false.

Ahmad had promised his victims between 50% to 100% interest on their investments monthly.

He neither offered them any return on their investment nor refunded their money.

Metro

JUST IN: Fire Guts Store At Abuja Mall

Published

2 hours ago

October 30, 2025

Editor

A fire incident occurred at the Jabi Lake Mall, Abuja in the early hours of Thursday.

The cause of the fire, which started around 3am, could not be ascertained as of the time of filing this report.

It was gathered that only the Adidas Sports shop was affected.

It was further gathered that firefighters from the Federal Fire Service, the Berger Fire Department, and the FCT Fire Service, as well as police officers, were deployed to the scene.

A resident of Jabi, Saliu, who informed our correspondent of the incident, said the fire had been contained.

He said, “Around 3am., this morning, there was a fire incident at the Jabi Lake Mall in Abuja. No loss of life or injury was recorded. Only the Adidas Sports shop was affected by the fire.”

The FCT police spokesperson, Josephine Adeh, confirmed the incident to The PUNCH.

Adeh said police officers were deployed to the location to secure the area and prevent looting.

“We received a distress call at about 3:40 a.m. We immediately deployed our men there to secure the place and prevent any breach of public order,” she said.

Metro

JUST IN: Hausa, Benin Youths Clash Over Killing Of Suspected Yahoo Boy

Published

15 hours ago

October 29, 2025

Editor

Photo: file copy

Several persons were on Wednesday night injured in a clash between Hausa and Benin youths, in Ogheghe community, Egor Local Government Area of Edo State, over the killing of a suspected yahoo boy identified as Chizi Benz.

According to sources, Chizi Benz was said to have been stabbed to death by a Hausa youth over a sour deal.

Though details of the deal were not available as at press time, the killing of Chidi Benz sparked outrage as youths stormed the streets with dangerous weapons in a revenge mission.

According to sources, many ‘Abokis’ were injured in a reprisal attack while others fled for safety.

News of the killing was to have spread to nearby communities of Uwelu along the Siluko Axis, forcing Hausa youths who do petty trading and rides okada closed their businesses and fled for safety.

According to sources, policemen who were deployed to the area fired tear gas to disperse the angry youths.

Edo Police Spokesman, Moses Yamu, who confirmed the incident, promised to send a detailed statement.

He was yet to do so as at press time.

Metro

EFCC Arraigns Three Over 25m Petroleum Theft In Lagos

Published

17 hours ago

October 29, 2025

Editor

The Economic and Financial Crimes Commission on Wednesday, October 29, 2025, arraigned a vessel, MT Ostria, and three individuals before Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, over alleged petroleum theft involving over 25 million litres of Premium Motor Spirit belonging to NNPC Retail Limited.

In a statement posted by EFCC on Wednesday on X, the defendants — Captain Raymundo A. Panaligam, Chief Officer Roneno Villarin, and Mr. Vincent Wayas — were charged alongside the vessel on a four-count charge of conspiracy and stealing.

The charges state that the defendants conspired to steal 25,354,000 litres of PMS, an offence contrary to Sections 411 and 280 of the Criminal Law of Lagos State, 2015, and punishable under Section 287 of the same law.

One of the counts reads: “MT Ostria, Captain Raymundo A. Panaligam, Chief Officer Roneno Villarin and Mr. Vincent Wayas sometime in January 2024 in Lagos, within the jurisdiction of this honourable court, conspired amongst yourselves to commit felony, to wit: stealing of Thirteen Million, Five Hundred and Fifty Four Thousand (13,354,000) litres of Premium Motor Spirit, property of NNPC Retail Limited.”

Other counts outline alleged thefts of 9 million litres and 3 million litres of PMS on or about January 17, 2024.

All defendants pleaded not guilty when the charges were read to them.

Following their plea, EFCC prosecuting counsel, Bilikisu Buhari, prayed the court “to set a trial date and remand the defendants in a correctional facility. She prayed the court not to grant them bail, that the applicant was a flight risk, that they had nothing to lose if they jump bail or abscond from trial.”

The statement stated that: “However, the defence team informed the court that bail applications had already been filed and urged that the defendants be allowed to continue under the bail conditions earlier granted by the EFCC.”

Justice Dada subsequently ruled, “That the defendants should continue on the existing EFCC bail conditions and subsequently adjourned the case to November 17 and 27, 2025, for the commencement of trial.”