In a Kaduna High Court, Isaiah Gabriel, a 40-year-old businessman, faced charges of an alleged N7.5 million fraud as brought by the Economic and Financial Commission (EFCC), Kaduna branch.
The EFCC’s counsel, Nasiru Salele, presented the case, claiming that Gabriel purportedly committed the offense in June. Allegedly, he received N7.5 million from Williams Victor to facilitate a Bureau De Change license but allegedly misappropriated the funds for personal use.
Despite attempts by Victor to reclaim his money, Salele asserted that Gabriel failed to refund it, leading to the charges. The prosecutor cited sections 344 and 345 of the Penal Code of Kaduna State in connection with the alleged crime.
Upon arraignment, the defendant pleaded not guilty. Subsequently, Justice Amina Bello granted Gabriel bail, setting the amount at N1 million along with two sureties of equal sum.
Furthermore, Bello stipulated that these sureties must present affidavits and demonstrate tax clearance for the preceding three years. She directed both sureties and the defendant to provide recent passport photographs to the court and adjourned the case until January 15, 2024.
