Friday, 13 May 2016

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

The Economic and Financial Crimes Commission, arraigned one Nura Amadi (pictured) before a Justice of the FCT High Court, Abuja on a five count charge bordering on misappropriation of funds and issuance of dud cheques.

According to EFCC, Nura Amadi, a former staff of Balis Bureau de Change Limited, Abuja was allegedly entrusted by his company with money to the tune of N24.4million including $20,000 for the purpose of trading for the company sometime in 2014, but he dishonestly converted it all to his personal use.
In a bid to refund the money, Amadi twice issued cheques that were returned unpaid when presented at the bank due to insufficient funds in his account. After further efforts by the company to recover the money were futile, he was turned in to the authorities.

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