Nigeria’s EFCC arraigns businessman Mustapha Ismail over alleged N7.5m fraud

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The Kano Zonal Office of the Economic and Financial Crimes Commission, EFCC on January 30, 2020 arraigned Mustapha Ismail before Justice Dije Abdu Aboki of the Kano State High Court on a one-count charge of criminal breach of trust.

The defendant was said to have obtained the sum of N7,500,000 (Seven Million, Five Hundred Thousand Naira Only) from the complainant under the guise of supplying him with paddy rice at the rate of N9,000 (Nine Thousand Naira) only per bag, but instead of delivering the goods as agreed, he allegedly diverted the money to his personal use.

The charge reads: “That you, Mustapha Ismail Abubakar, on the 18th of October, 2016 within the jurisdiction of the Kano State High Court being entrusted with certain property to wit: the sum of N7,500,000 (Seven Million, Five Hundred Thousand Naira) only by FAMCO Foods Limited for the supply of Paddy Rice to the company, and you refused to supply the Paddy Rice to the company, and you thereby committed an offence contrary to section 311 of the Penal Code Law and punishable under section 312 of the same Law.”

He pleaded “not guilty” to the charge.

Counsel for the EFCC, Douglas Gift, asked the court for a trial date, to enable the prosecution proves its case, in view of the defendant’s plea.

Counsel for the defendant, Mukhtar Bello, however, moved the application for the bail of his client.

Justice Aboki, thereafter, granted him bail in the sum of N4,000,000 (Four Million Naira Only) and two sureties in like sum.

The judge held that: “The sureties must be civil servants of grade level 15, owning landed properties with Certificate of Occupancy (C of O) within the jurisdiction of the court.”

The matter has been adjourned to February 27, 2020 for commencement of trial.

Today News Africa

Today News Africa is the number one U.S. - Africa news organization based in Washington, District of Columbia. The publication focuses on relationships and interactions between the United States and Africa.

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