The adopted son of General Muhammadu Buhari (rtd.) has been taken into custody of the Economic and Financial Crimes Commission for allegedly extorting N20 million under false pretenses.
Mohammed Buhari had reportedly obtained the sum from one Mrs. Florence Nwokocha saying he would invest the money in an oil and gas business, promising generous returns and 30 percent annual interest on the sum.
It was gathered that 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, Buhari cleaned out the account but never paid any interest to the woman.
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 Buhari was still being held by the operatives investigating the case at the Lagos office of the EFCC as of the time of filing this report
When our correspondent contacted the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, he confirmed the arrest but would not give any further details.
He said, “It is true but I don’t have the details.”.
Monday, 19 May 2014
News: General Buhari's Son Arrested For N20m Scam
The adopted son of General Muhammadu Buhari (rtd.) has been taken into custody of the Economic and Financial Crimes Commission for allegedly extorting N20 million under false pretenses.
Mohammed Buhari had reportedly obtained the sum from one Mrs. Florence Nwokocha saying he would invest the money in an oil and gas business, promising generous returns and 30 percent annual interest on the sum.
It was gathered that 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, Buhari cleaned out the account but never paid any interest to the woman.
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 Buhari was still being held by the operatives investigating the case at the Lagos office of the EFCC as of the time of filing this report
When our correspondent contacted the Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, he confirmed the arrest but would not give any further details.
He said, “It is true but I don’t have the details.”.
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