Courts Jail Bureau De-change Operator, 2 Others For Fraud In Kwara

A Federal High Court sitting in Ilorin presided over by Justice Abimbola Awogboro, has sentenced Yakubu Aminu  to 200 hours community service for carrying out Bureau De – change businesses  without a valid licence.

Similarly, a Kwara State High Court presided over by Justice Hammed Gegele  jailed the duo of Abdulalahi Abdulrasaq Omotosho and Akeem  Salaudeen  for their  involvement  in internet fraud -related crime.

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC)  had on October 9, 2024 arraigned the trio before the courts on separate charges.

The charge against Yakubu reads: “That you, Yakubu Aminu sometime in July 2024, at Chikanda Market, Yashikira District, Baruten Local Government Area, Kwara State, within the jurisdiction of this Honourable Court did carry on, other financial business, to wit: Bureau De Change Business without a valid licence issued by the Central Bank of Nigeria contrary to Section 15 (5) of the Banks and other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B) of the same Act”

The charge against Akeem reads: “That you, Akeem Ibrahim  Salaudeen between 3rd December 2018  and 8th November 2024, in Ilorin, Kwara State within the jurisdiction  of Honourable Court, did knowingly had under your control  the sum of N4,069, 000.00 (Four Million, Sixty Nine Thousand Naira Only) in your bank account number 2104916025  with the name Akeem Ibrahim  Salaudeen with the United Bank of Africa Plc which you knew to be proceeds of criminal conduct and thereby committed an offence contrary to  and punishable under Section 319 (a) of the Penal Code Laws of Northern Nigeria”

The defendants pleaded guilty when the charges were read to them.

The court thereafter convicted and sentenced the defendants to various jail terms relying on the credibility of the cases presented before it and the unchallenged evidence of the prosecution.

Justice Awogboro sentenced Aminu to 200  hours community service without an option of fine and also ordered that the sum of 50,000cfa and N368,500  recovered from him at the point of arrest be forfeited to the Federal Government.

Justice Gegele  sentenced the duo of Akeem and Abdullahi to six months imprisonment each with an option of N150,000.

The sum of N4,069, 000.00  recovered from Akeem alongside his iphone 11 and $600 recovered from Abdulahi together with iphone 11 pro max,  being proceeds of their crimes were forfeited to the federal government.