Monday, 10 November 2014

$18m Fraud: EFCC Nabs Runaway Suspect



EFCC Press Release


A suspected fraudster, who defrauded a group of Bureau de Change operators of $18,600,290 USD and disappeared after he was granted administrative bail by the Economic and Financial Crimes Commission, EFCC, has been re-arrested. Alhaji Saidu Hashim was picked up by operatives of the Commission from his hide out in Lagos.
Alhaji Hashim who is the owner of Amjigar Bureau de Change Limited alongside one Ahmed Bashir allegedly defrauded a group of 52 bureaux de change operating under the aegis of Association of Creditors of Amjigar Bureau de Change, of the sum of $18,600,290 (Eighteen Million, Six Hundred Thousand, Two Hundred and Ninety Dollars) between August and October 2008.
 The suspect is alleged to have collected the money and diverted it for his personal use thereby failing to honour his financial obligation to the group.
 
The suspect who was first arrested by the EFCC was granted administrative bail prior to his arraignment in court but jumped bail, thereby stalling his prosecution. But his accomplice, Ahmed Bashir is currently standing trial at the Federal High Court, Kaduna.
The fraudulent activities of the suspect and his disappearance brought told hardship to his victims and their dependants.
 
 
Alhaji  Hashim will soon be arraigned in court.
 

No comments:

Post a Comment