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    Sunday, 18 May 2014

    City Blog EFCC Arrests Mohammadu Buhari’s Son Over N20m Scam

    Operatives of the Economic and Financial Crime commision ( EFCC) have arrested Mr.
    Mohammed Buhari, an adopted son of a former
    Head of State, Gen. Mohammadu Buhari, for an
    alleged N20m scam. A source at the EFCC said
    that the young Buhari obtained the said N20m
    from one Mrs. Nwokocha Florence to invest in an
    oil and gas business with a promise to make
    mouthwatering returns to the woman.
    It was gathered that Buhari's son also promised
    to pay the lady 30 per cent annual interest on
    the N20m.
    But the relationship between the two
    turned sour when Buhari reneged on the
    agreement to pay the 30 per cent annual
    interest on the N20m to the investor said to
    have been introduced to him by his
    accounts officer at ECO Bank.
    It was leant that once the money was
    transferred, Mr. Buhari cleaned out the
    account but never paid any interest to the
    woman.
    Defending his action, the EFCC source said that
    Buhari claimed that he had some problems
    which emanated from his lost of the bank's
    guarantee which he secured from a new
    generation bank. He was said to have explained
    that the guarantee was cancelled because the
    bank felt that the branch from which he secured
    it lacked the competence to give it.
    Investigation revealed that Mr Buhari is still
    being held by EFCC men investigating the case
    at the Lagos office of the commission as of the
    time of filing this report.
    EFCC Head of Media and Publicity, Mr. Wilson
    Uwujaren, said, "It is true but I don't have the
    details."
    Sent from my BlackBerry wireless device from MTN
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    Item Reviewed: EFCC Arrests Mohammadu Buhari’s Son Over N20m Scam Rating: 5 Reviewed By: City Blog