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N6m Scam: Court Sentences Bureau-de-Change Operator To 7 Years Imprisonment
The Economic and Financial Crimes Commission (EFCC), has secured a seven years prison term of one Sadiq Mustapha, a bureau-de-change operator for alleged fraud.
Justice Mallong Peter of the Federal High Court, Kaduna sentenced the suspect on Wednesday without option of fine for obtaining money by false pretence to the tune of N6,100, 000 (Six Million One Hundred Thousand) and operating illegal bureau de change.
Mustapha was arraigned on December 2, 2019 on a two-count charge, bordering on obtaining money by false pretence and operating a bureau de change without authorisation by the Central Bank of Nigeria, CBN.
Trouble began for the convict following a petition by one Abdulsalam Danlami Abubakar, who alleged that sometime in 2016, Mustapha lured him into transferring the sum of N6,100.000 (Six Million, One Hundred Thousand Naira) in three separate transactions from his Zenith Bank account to that of his company, Abueleven Limited, domiciled in Fidelity Bank for exchange with dollar equivalent of $20,000 USD.
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RE: EQUITY, NOT EASTERN/WESTERN URHOBO DIVIDE, SHOULD DECIDE ROTATION, BY JUSTICE IYASERE
