Lagos – A Bureau de Change operator has appeared at the Kano State High Court for allegedly converting US$50 000 entrusted on him by his employer to his personal use.
The Economic and Financial Crimes Commission, (EFCC) arraigned Abubakar Abdullahi before Justice Dije Aboki on one count charge of criminal breach of trust.
It is alleged the accused, who is the manager of Maisabulu Bureau de Change, Kano, had sometime in April, 2013 upon the instruction of his employer, Alhaji Kabiru Maisabulu, the managing director of the company, purchased the sum of $50 000 from the Central Bank of Nigeria on behalf of one Bello Sani Yakassai of Misau Bureau de Change but converted the money to for his personal use.
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The count reads, "That you Abubakar Abdullahi being the manager of Maisabulu Bureau de Change sometime in April 2013 in Kano within the judicial division of the High Court of Justice of Kano being entrusted with certain property to wit: the sum of $50 000 equivalent to the sum of N7 780 000 given to you by Ahaji Kabiru Maisabulu for onward transmission to Bello Sani Yakassai committed criminal breach of trust."
The offence is punishable under Section 314 of the Penal Code.
The accused pleaded not guilty when the charge was read to him.
Based on his plea, Justice Aboki ordered that the accused be remanded in EFCC custody pending the hearing of the bail application and adjourned the matter to November 4.
- CAJ News