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Fake Bureau De Change Operator Jailed 87 Years For N325m Fraud

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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”.

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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.

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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.

READ ALSO: EFCC Arrests 40 Internet Fraudsters In Warri

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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.

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Metro

Delta: Suspected Kidnapper Killed In Gun Battle With Police

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A suspected kidnapper has been killed during a gun battle with operatives of the Delta State Police Command in collaboration with Community Volunteers in Obiaruku Forest.

Delta State Police Public Relations Officer,SP Bright Edafe, confirmed the incident in a statement on Tuesday.

“Operatives of the Command State Anti-Cult Unit (SACU), in collaboration with community volunteers, were on intensive patrol when they received credible intelligence that suspected kidnappers were mobilising within the Obiaruku forest to carry out an attack.

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“Acting swiftly on the information, the operatives advanced towards the location to forestall the planned criminal activity,” the statement said.

According to Edafe, on approaching the area, the suspects opened fire from multiple directions in a bid to repel the team.

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“The operatives responded with superior firepower, leading to the death of one suspect, while others escaped into the forest with various degrees of injuries.

“One AK-47 rifle with forty-two rounds of live ammunition, nine mobile phones, and charms were recovered,” the statement added.

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PHOTOS: Borno Woman Recovers N23m Gold Buried During Boko Haram Escape

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The Borno State Police Command has helped a woman residing in the Mallam Fatori area recover gold worth ₦23.6 million that she buried in sand while escaping a Boko Haram attack 15 years ago.

The unearthed gold
In a statement on Monday, the Public Relations Officer of the command, ASP Nahum Daso, said the state police commissioner, Naziru Abdulmajid, commended the Divisional Police Officer of Mallam Fatori and his team for their exemplary professionalism and integrity.

It read, “The Commissioner of Police, Borno State Police Command, CP Naziru Abdulmajid, PSC, commended the Divisional Police Officer of Mallam Fatori Division and his team for their exemplary professionalism and integrity in recovering valuable property belonging to a female resident of the community.

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“The woman, who fled Mallam Fatori during a Boko Haram attack 15 years ago, recently returned and sought police assistance to retrieve items she had buried in the sand while escaping the incident,” he noted.

 

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Daso said that through diligent and coordinated efforts, the officers successfully recovered “22 cc of gold valued at approximately ₦20 million, as well as a gold bracelet with chain worth ₦3.6 million.”

He further stated that the Commissioner praised the officers for their honesty, dedication, and service, noting that their actions reflect the core values of the Nigeria Police Force and further strengthen public confidence in law enforcement.

CP Naziru Abdulmajid reaffirmed the Command’s commitment to safeguarding lives and property, urging residents to continue supporting and cooperating with the police for enhanced security across the state,” Daso added.

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Osun Monarch’s Burial Rites Turn Bloody

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Controversies over the burial rites for the 30th Owa of Igbajo, Oba Adegboyega Famodun, turned bloody on Monday as people opposed to observance of passage rites for him clashed with those that wanted honour befitting a royal father for the deceased.

In the fracas that occurred inside Iloro Market in Igbajo, on Monday, one man identified simply as Ifa was injured, while two other people reportedly sustained bruises.

The state Governor, Ademola Adeleke, had on Monday imposed a 24-hour curfew on Igbajo, amid protest, over Famodun’s death.

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According to The PUNCH, a statement signed by Prince Adekunle Famodun on behalf of the family said Famodun “passed away on Friday, November 28, 2025, after a brief illness,” at the age of 67.

“As you may recall, Oba Adegboyega Famodun was installed and presented with the staff of office on November 24, 2022, by the former Governor of Osun State, Alhaji Adegboyega Oyetola.

READ ALSO:Osun Assembly, Senator Clash Over Arrest, Police Sealing Of Amotekun Base

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“Although his position was disputed by a white paper issued by Governor Ademola Adeleke, the Osun State High Court reinstated him on January 30, 2025,” the statement read partly.

Before his appointment and installation as monarch, Oba Famodun had served as the Osun State chairman of the All Progressives Congress.

The PUNCH also reported on March 12, 2024, that Osun State Government approved the appointment of Prince Ademola Makinde as the new Owa of Igbajo, replacing Famodun.

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But violent clashes erupted in the town when those believed to be loyal to late Famodun demanded that Iloro Market be shut in his honour.

But those opposed to the move, reportedly resisted the attempt to force some traders that opened for business to close shop.

In some of the video footages of the protest shared by a Facebook user, Taiwo Olaore, on Monday, unrest was observed in a market place, with some people demanding that the traders that opened for business, should shut down, as a mark of respect for the deceased.

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Also, in the video, some women in white attire, bearing leave, rebuked the traders that opened for business and asked them to immediately close, and mourn the late Famodun.

Speaking further on the crises, a resident of Igbajo, who spoke on condition of anonymity because he was not authorised to comment on the matter, said “they wanted to do burial rite for Oba Famodun but another set of people insisted that the late monarch was a prince and not a king.

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In order to perform the rite, the Iloro market must be shut for three market days.

It was in the process of closing the market that the group opposed to the move mobilised to the market and insisted that they must close it.

READ ALSO:Tension In Osun Council As Ataoja, Oluwo Battle For Seniority

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Three people were injured during the clash that occurred at the market. One of them is known as Ifa. His pictures with blood stained clothes circulated on the social media. The market was later shut,” he said.

Asked if the burial rites were being observed despite the curfew imposed by the State Governor, Ademola Adeleke, he said “The burial rites are ongoing. Although people didn’t come out after the governor declared a curfew but those performing the rites carried on with their duties alongside supporters of the late monarch.”

He also said there was massive deployment of security personnel to the town to prevent breakdown of law and order.

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Contacted for update on the security situation in Igbajo, the state Police Public Relations Officer, Abiodun Ojelabi, said one person was injured in the fracas that occurred in the town early on Monday, noting that normalcy has returned to the community.

“Our personnel are on the ground, but as of this morning when I communicated, no arrest has been made. Igbajo community is now peaceful. One person got injured during the clash,” Ojelabi said.

 

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