Tuesday , May 21 2019
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EFCC Arraigns Woman For N21.9m Investment Fraud

The Economic and Financial Crimes Commission, EFCC, has arraigned a woman, Jallaba Mala Bukar, before a Maiduguri High Court over a N21.9m investment fraud.

Bukar was arraigned on three counts bordering on criminal breach of trust before Justice Abdullahi Sanya of the Borno State High Court sitting in Maiduguri.

The EFCC charged the suspect after investigations conducted into three separate petitions against her revealed that sometime in 2017 on different occasions, she allegedly fraudulently influenced one Mohammad Nur Alhaji, Hafsat Muhammad and Ba’ana Modu, who entrusted their money to her for investment in a company called Swithgolden.

The victims alleged in their petitions that the money was given to Bukar for investment purposes, but it was instead converted to her personal use and all efforts to recover the money proved abortive.

Bukar, however, pleaded not guilty to the charges.

The prosecuting counsel, Haruna Abdulkadir, prayed the court for a trial date.

Justice Sanya adjourned the matter till April 2, 3 and 4, 2019, for the commencement of trial and ordered that the defendant be remanded in prison custody.

– PUNCH

 

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.