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EFCC: Kwara Court Sentences Bureau De Change Operator and Two Others for Fraud

Published by Tope Fakinlede on October 17th, 2024.

EFCC: Kwara Court Sentences Bureau De Change Operator and Two Others for Fraud

Justice Abimbola Awogboro of the Federal High Court in Ilorin has sentenced Yakubu Aminu to 200 hours of community service for operating a bureau de change without a valid license.

In a separate ruling, Justice Hammed Gegele of the Kwara State High Court convicted Abdullahi Abdulrasaq Omotosho and Akeem Ibrahim Salaudeen for their involvement in internet fraud.

The Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) arraigned the three individuals on different charges on October 9, 2024.

Yakubu Aminu was charged with conducting bureau de change activities without proper authorization from the Central Bank of Nigeria, violating the Banks and Other Financial Institutions Act of 2020.

Akeem Ibrahim Salaudeen faced charges related to having control over N4,069,000, knowing it to be proceeds of criminal activity, which also violated