Crime: Nigerian man arrested by EFCC over N11million fraud

The Economic and Financial Crimes Commission (EFCC) brought an Ibrahim Mohammed Ali before Judge S.I. Mark of the Federal High Court in Kano on six counts of money laundering.

The defendant was arraigned today, November 19.

Mr. Ibrahim, who works in the complainant’s company, allegedly created ghost workers to whom he paid monthly salaries into various bank accounts managed by him, to the tune of 11,187,619 naira (eleven million, one hundred and eighty-seven one thousand, six hundred and nineteen naira Only).

It was further alleged that when the management of the company discovered the fraud, the defendant tendered his resignation and fled with documents belonging to the company.

The charge reads: “ That you Ibrahim Mohammed Ali sometimes in 2019 in Kano in the jurisdiction of this Honorable Court, have retained the sum of N1,032,000.00 (one million and thirty two thousand naira only) property of Abshat Engineering Resources Limited in an account you maintain in the name of Ibrahim Ali Mohammed at Stanbic IBTC Bank Plc that the fund that you reasonably should have known was part of the proceeds of an illegal act and thus committed an offense contrary to section ( 15) (2) (d) of the Money Laundering (Prohibition) Act 2011 (as amended) and punishable under section 15 (3) of the same Act. ”

The accused pleaded “not guilty” to the charge against him. In view of his plea, prosecutor Buhari Mohammed Balarabe asked the court for a date for the opening of the trial.

Defense attorney A.S Bawa urged the court to grant the defendant bail, pending trial. Justice Mark adjourned the case until November 20, 2020 for the bail application to be heard.

The defendant was remanded in custody by the EFCC.

Leave a Reply

Your email address will not be published. Required fields are marked *