• How Bureau de Change operator exchanges N1.7m with fake dollars in Lagos

    How Bureau de Change operator exchanges N1.7m with fake dollars in Lagos

    Usman Nafada, a Bureau de Change operator, has connived with an accomplice to swindle one Mr Abdullahi Uba, of the sum of N1.7m at the Obalende area of Lagos during the course of changing some dollars to naira.

    It was reportedly gathered that Mr Uba had approached Usman in November 16th, 2016, requesting to change some Naira to American dollars.

    The suspect was said to have informed Uba that he didn’t have any hard currency at that period for exchange but talked […]

  • EFCC arraigns illegal polytechnic operator in Ado-Ekiti

    EFCC arraigns illegal polytechnic operator in Ado-Ekiti

    According to reports, the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office on Monday arraigned before a Federal High Court, Ado-Ekiti, an illegal polytechnic operator.

    The alleged illegal operator, Johnson Babatola was arraigned before Justice Taiwo Taiwo on a 7-count charge bordering on Advance fee fraud and operation of illegal Polytechnic.

    Babatola, a former Principal Manager of the Central Bank of Nigeria, Ado-Ekiti branch pleaded not guilty to the charges

    The EFCC said that the suspect was arrested following a petition from […]

  • Bureau de change operator arrested for fraud

    Bureau de change operator arrested for fraud

    A 41-year-old member of the staff of High Flyer Bureau de Change, Ikeja, Omen Samuel, on Tuesday, appeared in an Ikeja Chief Magistrates’ Court for allegedly obtaining N5.7 million under false pretext.

    The Prosecutor, Sgt. Donor Perezi, told the court that the offence was committed between Oct. 7 and Oct.12, 2015 at Muritala Muhammed International Airport, Ikeja.

    Perezi said the complainant, Clement Ebere, paid N5.730, 000 into the accused account to help him send it to his business partner in China.

    Samuel, he […]

  • EFCC arraigns a Bureau de Change Operator for N28.4 Million fraud

    EFCC arraigns a Bureau de Change Operator for N28.4 Million fraud

    The Economic and Financial Crimes Commission EFCC on Thursday arraigned one Nura Amadi before Justice Olasumbo O. Goodluck of the FCT High Court, Abuja on a 5 count charge bordering on misappropriation of funds and issuance of dud cheques.

    Amadi, a former staff of Balis Bureau de Change Limited, Abuja sometime in 2014 was allegedly entrusted by his company with about N24.4 million including $20,000USD for the purpose of trading for the company, but dishonestly converted same to his personal use.

    In […]