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Kano Businesswoman in N13.8m Investment Mess

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Rashida Ibrahim Usman Kano businesswoman

By Aduragbemi Omiyale

A Kano businesswoman, Ms Rashida Ibrahim Usman, is battling to clear her name over an investment worth N13.8 million gone wrong.

It was alleged that Ms Usman, who runs a business called Golden Premier Club, collected about N13.8 million from a woman, Ms Wasila Shuaibu, with the promise to get returns from her investment.

However, when the suspect was to fulfil her promise, she reneged and efforts to get the initial capital from her failed, which prompted the victim to involve the Economic and Financial Crimes Commission (EFCC).

On Monday, August 16, the agency arraigned the accused person before Justice Maryam Ahmed Sabo of the Kano State High Court sitting in Milla Road, Bompai, Kano State.

The EFCC informed the court that the victim was introduced to the suspect in April 2018 by her sister, Pricia Shaaibu, and that she made the payment in five instalments through the defendant’s account domiciled in Diamond Bank Plc (now Access Bank) with account number 0099629622.

In one of the charges, the EFCC said, “That you Rashida Ibrahim Usman sometime in the year 2018 at Kano, Kano State within the jurisdiction of this court with intent to defraud, did obtain the sum of N13.780 million from one Hajiya Wasila Shuaibu via your account No. 0099629622 bearing Rashida Ibrahim Usman, under the false pretence that the said sum will be invested in the business of buying and selling coupons, fact which you knew to be false and thereby committed an offence contrary to Section 1(1)(a) and punishable under Section 1(3) of Advance Fee Fraud and other Fraud related offences Act, 2006.”

But when the charges were read to her, the defendant pleaded “not guilty” and in view of her plea, the prosecuting counsel, Zarami Muhammad, asked the court to remand her in custody and fix a date for trial to commence.

This was objected by the defence counsel, Abdullahi Muhammad, who informed the court that he has filed an application for the bail of his client, and urged the court to admit her to bail.

The prayers of Mr Muhammad were upheld and Justice Sabo granted bail to the defendant in the sum of N2 million and two sureties in like sum.

The judge said the sureties must have movable or immovable properties worth N5 million within Kano, while the case was adjourned till October 25, 2021, for trial.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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Akinwumi Adesina Turns Down Requests to Become Next Nigerian President

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Akinwumi Adesina Sworn-In

By Adedapo Adesanya

The President of the Africa Development Bank (AfDB), Mr Akinwumi Adesina, has ruled himself out of the 2023 presidential race in Nigeria.

Mr Adesina made his position known in a statement on Tuesday after months of calls for him to join the contest after a group bought the presidential nomination form of the All Progressives Congress (APC) for him at the cost of N100 million.

In the statement, the banker emphasised that his current desire is to continue to hold the office of the president of the AfDB which he won reelection for last year.

However, he expressed appreciation for those who found him worthy of leading his country at this critical time it is undergoing different challenges ranging from economy, security and others.

“While I am deeply honoured, humbled and grateful for all the incredible goodwill, kindness, and confidence, my current responsibilities at this time do not allow me to accept to considered,” the statement read in part.

“I remain fully engaged and committed to the mission that Nigeria, Africa and all the non-African shareholders of the African Development Bank have given me for Africa’s development.

“I remain fully focused on the mission of supporting the accelerated development and economic integration of Africa,” Mr Adesina added.

Less than two weeks ago, a coalition of 28 groups purchased the N100 million APC presidential forms for the former Agriculture Minister.

The coalition consists of groups such as the Youth Arise Movement, Nigerians in Diaspora, One Nigeria Group, Prudent Youth Association of Nigeria, women groups, farmers, and other civil society groups.

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Sanwo-Olu Promises Justice for Sound Engineer David Imoh

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David Imoh Sound Engineer

By Modupe Gbadeyanka

Governor Babajide Sanwo-Olu of Lagos State has promised to ensure that the late Sound Engineer killed by a mob in the Lekki area of the state last week gets justice.

The Governor gave this assurance through the Commissioner for Information and Strategy, Mr Gbenga Omotoso, in a statement issued on Monday night.

Last week, after boarding a commercial motorcycle, an argument ensued between Mr David Imoh and the okada rider over N100 and attracted other riders, who then lynched him.

There have been calls for justice for the deceased and in the statement today, the state governor said this would be done.

He condemned the mob attack and said the police are interrogating four suspects at the State Criminal Investigation Department (CID), Panti in connection with the incident, while two survivors of the act are in hospital.

According to Mr Sanwo-Olu, the government will address the root cause of this and similar incidents, which have caused public anxiety, appealing to residents to remain calm as police continue to investigate the matter.

“Lagos has no room for savagery and anybody found to have been involved in this barbarism will surely face the law.

“We condemn and will not condone any kind of jungle justice, no matter who the perpetrators are,” the statement stressed.

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N80bn Fraud: EFCC Arrests Accountant General of the Federation Ahmed Idris

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ahmed idris

By Modupe Gbadeyanka

The Accountant General of the Federation (AGF), Mr Ahmed Idris, is cooling off in the custody of the Economic and Financial Crimes Commission (EFCC).

He is having talks with the agency, explaining what he knows about an alleged diversion of N80 billion belonging to the federal government.

He was picked up by operatives of the EFCC on Monday, May 16, 2022, after allegedly failing to honour invitations by the commission to respond to issues connected to the issue.

In a statement issued on Monday night, the anti-money laundering organisation claimed that Mr Idris, through verified intelligence, “raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates.”

“The funds were laundered through real estate investments in Kano and Abuja,” another part of the statement disclosed.

The AGF has been in the news lately over an audit report, which indicted some ministries, departments and agencies (MDAs) of the federal government of fraud.

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