The
Economic and Financial Crimes Commission (EFCC) has arrested one Mohammed
Buhari, said to be an adopted son of a former military Head of State and
chieftain of the All Progressives Congress, APC, General Mohammadu Buhari over
an alleged N20m fraud.
According
to a report by Sahara Reporters, Buhari was arrested over a “transaction that
has the trappings of voodoo investment scheme”.
He
allegedly obtained N20 million from one Mrs Florence Nwokocha, with the aim of
investing in a lucrative oil and gas business with promises of mouth watery
returns to the investor.
According
to the report, Buhari was allegedly introduced to the lady by his account
officer at Ecobank Plc and he agreed to pay 30 percent annual interest on the
sum to Nwokocha.
It was
learnt that once the money was transferred, Buhari withdrew all the money
but never fulfilled his agreement of paying any interest to the woman.
Sources
at the EFCC informs that the suspect claims he ran into trouble after he lost
the bank guarantee, which he secured from another new generation bank.
According
to sources, Buhari claimed that the bank voided the guarantee on the ground
that the branch of the bank that processed it was not competent to do so.
Buhari
is still in the custody of the anti-graft agency as investigations in the case
continue.
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