ano BDC operator bags one year jail term for $50, 000 fraud

ano BDC operator bags one year jail term for $50, 000 fraud

Justice Faruk Lawan of the Kano State High Court Thursday convicted and sentenced one Auwalu Ibrahim to one year imprisonment with an option of N100, 000 fine for the offence of criminal breach of trust and issuance of dud cheque.

The convict was arraigned by the Economic and Financial Crimes Commission (EFCC) on January 16, 2014 on a 2-count charge.

This was contained in a statement issued by EFCC’s spokesperson Wilson Uwujaren.

One of the counts read: “That you Auwal Ibrahim being the Manager of Dan Wali Bureau de Change sometime in August 2012, in Kano, within the Judicial Division of the High Court of Justice of Kano state, collected the sum of $50,000.00 from Indo Kyaftin Bureau de Change for the purpose of giving them Naira equivalent of N7, 900,000.00 but instead, converted same to your personal use and thereby committed an offence punishable under 309 of the Penal Code”.

Upon his arraignment, he pleaded not guilty, but on Thursday, he dramatically changed his plea and admitted the offences which he allegedly committed.

Auwal Ibrahim as manager of Dan Wali Bureau de Change allegedly converted to his personal use the sum $50,000 he obtained from one Musa Rabiu for the purpose of selling same and returning the proceeds plus profit in Naira to his victim. 

Justice Lawan sentenced the convict to six months imprisonment on each of the two counts or a fine of N100, 000 for both counts.

The sentences are to run concurrently.