$2.4M Fraud: EFCC Detains Bureau de change operator


The Economic and Financial Crimes Commission today, July 13, 2017 detained one Rabiu Yusuf, a Bureau de Change Operator who allegedly duped a Chinese National to the tune of $2,452,941. 50 (Two Million, Four Hundred and Fifty Two Thousand, Nine Hundred and Forty One Thousand Dollar, Fufty Cent) .

The suspect allegedly collected the sum of N2,879,190,900 from the complainant, Xing Hui Yao for the purchase of its dollar equivalent which amount to $13,677,866.50, (Thirteen Million, Six Hundred Seventy Seven Thousand, Eight Hundred Sixty Six Dollars, Fifty Cents). The complainant further alleged that the suspect paid her only $11,224,925.50 (Eleven Million, Two Hundred and Twenty Four, Nine Hundred Twenty Five Dollars, Fifty Cents) and fraudulently diverted the sum of $2,452,941.50 (Two Million, Four Hundred and Fifty Two Thousand, Nine Hundred and Forty One Thousand Dollars) to his personal use.

The suspect was brought in today and was eventually detained after he volunteered statement. Investigation is still ongoing after which the suspect would be properly arraigned in court.

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Hamilton Nwosa

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