Lagos Court Remands BDC Operator Over Alleged N144m Fraud

Lagos Court Remands BDC Operator Over Alleged N144m Fraud

  • Crime
  • June 29, 2022
  • No Comment
  • 116

 

Justice Yellim Bogoro of a Lagos Federal High Court has ordered the remand of a Bureau De Change (BDC) operator, Mr. Ibrahim Butali Abdulmumin, in the custody of the Nigerian Correctional Services (NCoS) till November 21, when his trial over alleged N144 million fraud will commence.

 

Justice Bogoro ordered the remand of the BDC operator after he pleaded not guilty to a two-count charge of obtaining by false pretence and unlawful conversion of the sum of N144 million, fraudulently obtained from a company to his personal use.

 

Arraigning the 41 years old defendant, the prosecutor, Mr. Henry Obiaze, from the Police Special Fraud Unit (PSFU) Ikoyi, Lagos, told the court that the defendant on January 20, 2022, by false pretence and with intent to defraud, obtained the sum of N144 million, under the pretence of exchanging it to the sum $250, 000 USD, at N576 to one Dollar.

Related post

Leave a Reply