The financial world has been rocked by allegations of fraud as Abubakar Mannir, a 36-year-old Bureau De Change operator, stands accused of defrauding Mr. Manas Das, the Chief Executive Officer of Allkraft Technology and Industries Limited, of a staggering $737,015.
According to reports from Saturday Vanguard, the intricate scheme unfolded when Das, a Nigerian-based Indian businessman, engaged Mannir, operating under Emirates Booth company, to facilitate the purchase of United States dollars totaling $900,000 through three agreements.
Abdulrahman Abubakar, General Manager of Allkraft Technology and Industries Limited, disclosed to Saturday Vanguard that although 100% of the Naira equivalent was transferred from the company's Zenith Bank account to Emirates Booth account number in December 2023, trouble arose when Mannir purportedly failed to fulfill the entire transaction.
Despite the agreed-upon timeline for the transfers, Mannir reportedly only disbursed $162,985 through Emirates Booth before allegedly absconding, leaving a significant balance of $737,015 unpaid.
Abubakar recounted the sequence of events, revealing that plans for a crucial meeting between representatives of both companies were abruptly disrupted when Mannir failed to appear on January 14, 2024. Subsequent investigations revealed Mannir's disappearance, prompting the involvement of law enforcement agencies.
Efforts to locate Mannir have proven futile, with suspicions arising that he may have fled to Niger. His younger brother, Abubakar Imam, expressed uncertainty about Mannir's whereabouts, indicating that the family has been unable to establish contact with him.
The financial fallout from the alleged fraud has plunged Das and his company into dire straits, with Das now grappling with the burden of debt and struggling to meet financial obligations to employees.
Confirming awareness of the case, Kano State Police Public Relations Officer, SP Abdullahi Haruna, assured that investigations are underway to apprehend Mannir and recover the embezzled funds.
As the investigation unfolds, stakeholders are left anxiously awaiting justice and restitution in a case that has sent shockwaves through the financial community.
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