Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the son of a former military Head of State, General Mohammadu Buhari over an alleged N20( Twenty Million Naira only) fraud.
The suspect, Mohammed Buhari, according to SR was arrested over a transaction that has the trappings of voodoo investment scheme.
The son to the Chieftain of the All Progressives Congress, APC, obtained N20 million from one Mrs Florence Nwokocha, purportedly to invest in a lucrative oil and gas business with promises of mouth watery returns to the investor. Buhari was allegedly introduced to the lady by his account officer at Ecobank Plc and he agreed to pay Nwokocha, 30 percent annual interest on the sum.
The report reads, “But once the money was transferred, Buhari cleaned out the account but never paid any interest to the woman.”
Saharareporters report that 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.
Buhari is still in the custody of the EFCC as investigations in the case continue.