EFCC Arraigns Two for N14m Fraud

The Economic and Financial Crimes Commission today (March 4, 2014) arraigned the duo of Sadiq Bello and Usman Aminu before Justice Sanusi Tukur of Katsina State High Court on a 5-count charge of forgery.

The accused persons allegedly collected 162 motorcycles worth N14, 580, 000 from one Usman N. Madabo,  managing director of Madabotext and Supply Company Limited with the understanding that they would be paying N750, 000 (Seven Hundred and Fifty Thousand Naira ) monthly for a period of eighteen months. However, since the delivery of the motorcycles in March 2009, the accused persons were able to pay only N410, 000 (Four Hundred and Ten Thousand Naira). The letter of guarantee purported used to perfect the contract by the accused persons was discovered to be fake.
One of the counts read, “that you Sadiq Bello and Usman Aminu on or about 15^th  September, 2008 at Katsina within the judicial division of the High Court of Justice Katsina State fraudulently used as genuine a forged document titled  ‘Letter of Guarantee’ purported to have been issued by the Chief Registrar Katsina State Judiciary and entered into a contract with Madabotext and supply Company Limited and you thereby committed an offence contrary to section 365 and punishable under section 364 of the Penal Code law”
The accused persons pleaded not guilty to all the charges. Justice Tukur adjourned the case to March 25, 2014.