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Forex firm under investigation for N515 million fraud

06 March 2014, 08:00

Abuja - A Bureau de Change operator, Garba Abdullahi Tahir Charbo Bureau De Change Limited, has been re-arraigned before Justice Gabriel Kolawole of the Federal High Court Abuja on a 23-count charge bordering on fraud amounting to N514.9 million.

According to a statement by the Economic and Financial Crimes Commission (EFCC) Garba Abdullahi Tahir allegedly obtained the money from the Pension Account, Office of the Head of Service of the Federation of Nigeria.

One of the counts reads, “That you Garba Abdullahi Tahir on or about the 13th of July 2009 within the jurisdiction of this honourable court, obtained for yourself by false pretences and with intent to defraud, through your Ecobank Plc account various sums of money amounting in the aggregate to N3 820 800 ( Three Million, Eight Hundred and Twenty Thousand, Eight Hundred Naira) from the Federal Government of Nigeria through the Pension Account held by the Office of the Head of Service of the Federation of Nigeria, and thereby committed an offence contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act,2006 and punishable under Section 1(3) of the same Act, 2006.”

The prosecution counsel, Godwin Obla, SAN told the court that he was ready for trial but asked for a short adjournment to enable him regularize processes as a result of the amendment and the new practice directive but the defence counsel, Nicholas Eku, on the other hand asked the court for 21 days to enable him study the new proof of evidence and the amended charge.

He also asked the court to allow the accused to continue to enjoy the bail earlier granted to him by the court.

Justice Kolawole adjourned the case to April 9.

It would continue in May.

– CAJ News

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