The Economic and Financial Crimes
Commission today, January 16, 2014 arraigned a Bureau de Change operator, Auwal
Ibrahim before Justice Farouq Lawal of the High Court of Kano State on 2-count charge that borders on
issuance of dishonored cheques.
The accused person is alleged to have
converted part of the $100, 000 (one hundred thousand United States Dollars)
given to him to sell by patrons to personal use.
Sometime in August 2012, the accused
allegedly received the sum $50,000 from a complainant with a promise to return
N7, 900,000. After sale of the foreign currency, he only returned N3, 850, 000
(Three Million, Eight Hundred and Fifty Thousand Naira).
In October 2012, the accused person again
collected another $50, 000 from Indo Kyaftin Bureau de Change. When it was time
to return the proceeds of the sale, he issued two Skye Bank Cheques which bounced
on presentation due to insufficient funds in the account.
One of the charges read, “that you
Auwalu Ibrahim on or about the 31st day October, 2012 in Kano within
the judicial division of the High Court of Justice Kano State issued a Skye
Bank Cheque dated the 31st October, 2012 for the sum of N7,900,000
(Seven Million Nine Hundred Thousand Naira Only) to Indo Kyaftin BDC limited
which was presented and returned unpaid on the ground that no sufficient funds
were standing to the credit of the drawer as at 2nd November, 2012, the
date it was presented and you thereby committed an offence contrary to Section
1 (1)(a) and punishable under section (1)(1)(b) of the Dishonored Cheque
Offences Act, Laws of the Federation, 2004”.
The accused person pleaded not guilty
to the charge.
Justice Lawal ordered that the
accused be remanded in EFCC custody pending hearing of the bail application and
adjourned proceedings to January 23, 2014.
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