An adopted son of a former military Head of State,
General Mohammadu Buhari has been arrested by
operatives of the Economic and Financial Crimes
Commission, EFCC, over an alleged N20( Twenty
Million Naira only) fraud
The suspect, Mohammed Buhari, was arrested over a
transaction that has the trappings of voodoo
investment scheme. He allegedly obtained N20 million
from one Mrs Florence Nwokocha, purportedly to
invest in a lucrative oil and gas business with
promises of mouth watery returns to the investor.
Buhari was allegedly introduced to the lady by his
account officer at Ecobank Plc and he agreed to pay
Nwokocha, 30 percent annual interest on the sum.
But once the money was transferred, Buhari cleaned
out the account but never paid any interest to the
woman.
sources at the EFCC informs that the suspect claims
he ran into trouble after he lost the bank guarantee
which he secured from another new generation bank.
The bank, he claims, voided the guarantee on the
ground that the branch of the bank that processed it
was not competent to do so.
Buhari is still in the custody of the EFCC as
investigations in the case continue.
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