Wednesday, June 7, 2023

Alleged Fraud: EFCC Presents First Witness Against Alh Abubakar

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The Economic and Financial Crimes Commission (EFCC) has presented its first prosecution witness, Adeniyi Oyewole, Managing Director, Ano Farms Limited, against one Alhaji Usman Abubakar, who is facing trial for an alleged N950m fraud before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos.

EFCC Lagos Zonal Command presented Oyewole before the trial Judge on Tuesday at the Court in Lagos.

The anti-corruption agency revealed this in the news report posted on its official Facebook page on Wednesday.

According to the agency, Abubakar alongside Young Alhaji Foundation, is being prosecuted on a five-count charge bordering on obtaining money by false pretence and stealing to the tune of N950 million fraud.

He pleaded “not guilty” to the charges when he was first arraigned on February 22, 2023.

READ ALSO: EFCC Arrests 34 Suspected ‘Yahoo Boys’ In Delta

Led in evidence by the prosecution counsel, Rotimi Oyedepo, SAN, Oyewole narrated how his paths crossed that of the defendant leading him to part with the money.

Oyewole said the company was into the processing of agricultural products and needed foreign exchange to facilitate importation at some point in time.

He said: “In the process of that, we were introduced to Dr Abu Fawaz, who lives in Ghana.

“We travelled down to see him. We met and had various discussions and negotiations.

“After which, I returned with an aggregate funds for the transaction.

“It summed up to N950 million for us to access the equivalent in US Dollars.”

He testified further that having raised the money, he reached out to Fawaz, who provided a First Bank account in Nigeria to receive the N950 million.

According to him, the said account belonged to Young Alhaji Foundation

He said: “Upon the transfer, I reached out to Dr Fawaz to confirm receipt on 19th September 2022, but he got back to me in the evening that the funds had not been received.

“I reached out to my banker, who confirmed the funds in the account; and so, I reached out to Dr Fawaz again, who still insisted that the funds were not there.”

The witness, who suspected that something seemed amiss, told the court that he immediately reached out to his account manager at FCMB to help recall the funds from First Bank.

READ ALSO: EFCC arrests 18 suspected internet fraudsters in Enugu

Following through with the request, as advised by his account manager, he wrote an email to the bank to make the request.

“They replied that the funds received were for sale of a property purchased by the sender,” he said.

According to him, he immediately responded that it was not so as claimed by the holder of the recipient’s account, as he never purchased any property.

He said that upon pressing further for the recall, the recipient’s bank told him that he would need to get a court order within 72 hours, else they will allow him access to the fund.


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Photo Credit: Getty

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