Sokoto Billionaire and CEO Lands in EFCC Net Over N29.8m Investment Fraud

Published 5 days ago by: kacy lee
at 09:20 PM, 7/11/2019 (5 days ago)

(24388 | Addicted Hero) (f)


The Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC, on Thursday, November 7, 2019, arraigned one Hamzat Muhammad Bashar, Chief Executive Officer of HAMGA INVESTMENT RESOURCES LIMITED and his company before Justice Bello Duwale of the Sokoto State High Court, on a 12-count amended charge bordering on Conspiracy and Obtaining Money by False Pretence to the tune of N29, 865,000.00 (Twenty Nine Million Eight Hundred and Sixty Five Thousand Naira).

Bashar's trouble started when the Commission received a petition by one Imran Ahmed and several other victims for an alleged case of Ponzi scheme, investment fraud and obtaining money by false pretences. He was alleged to have collected money to the tune of N29, 865,000.00 (Twenty Nine Million, Eight Hundred and Sixty Five Thousand) from his victims in the guise of Invest and get 20 percent profit on investment every month and receive dividend at the end of the year.

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scottchris at 09:24 AM, 8/11/2019 (4 days ago)
(3541 | Gistmaniac) (m)

Treat him same way they treat other yahoo boys ooooo

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