News Column

Kano Court Jails Dishonest Forex Trader

July 14, 2014

Henry Ifeanyi

A deceitful bureau de change operator, Auwalu Ibrahim, have been convicted and sentenced to a year in prison for defrauding his company through a dud cheque.

He was given an option of a N100 000 fine when he appeared before Justice Faruk Lawan of Kano State High Court.

The Economic and Financial Crimes Commission (EFCC) arraigned him on a two-count charge.the charge sheet read, " That you Auwal Ibrahim being the Manager of Dan Wali Bureau de Change sometime in August 2012, in Kano within the Judicial Division of the High Court of Justice of Kano state collected the sum of $50 000 from Indo Kyaftin Bureau de Change for the purpose of giving them Naira equivalent of N7, 9 million but instead, converted some to your personal use and thereby committed an offence punishable under 309 of the Penal Code."

Justice Lawan sentenced the convict to six months imprisonment on each of the two counts.

The sentences are to run concurrently.

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Source: AllAfrica

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