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
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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