The adopted son of former Head of State, General
Mohammadu Buhari has been arrested by the Economic and Financial Crimes
Commission (EFCC) over a N20 million naira scam, according to reports by Sahara
Reporters.
The suspect who goes by the name Mohammed Buhari is
being held over an alleged transactions that has “trappings of voodoo
investment scheme”, the source said.
Buhari allegedly collected the sum
of twenty million Naira from one Mrs Florence Nwokocha, whom he met through his
account officer at Ecobank Plc, with the intention to invest it in an oil and
gas business promising to return large profits.
According to the source, Buhari
agreed to pay his investor, Nwokocha 30 percent annual interest on the sum.
With this agreement, the investor
transferred the complete sum to Buhari who cleaned out the account but never
made any interest payment to Nwokocha.
According to Sahara reporters:
“sources at the EFCC informs that the suspect claims he ran into trouble after
he lost the bank guarantee which he secured from another new generation bank.
The bank, he claims, voided the guarantee on the ground that the branch of the
bank that processed it was not competent to do so.”
The EFCC is still holding Buhari in
custody while investigations are ongoing.
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