Operatives of the Economic and Financial Crimes Commission have arrested Mr. Mohammed Buhari, an adopted son of a former Head of State, Gen. Mohammadu Buhari, for an alleged N20m scam. The young Buhari obtained the said N20m from one Mrs. Nwokocha Florence to invest in an oil and gas business with a promise to make mouthwatering returns to the lady. He also promised to pay the lady 30 per cent annual interest on the N20m. continue....
It was gathered that the relationship between the two turned sour when Buhari reneged on the agreement to pay the 30 per cent annual interest on the N20m to the investor said to have been introduced to him by his accounts officer at ECO Bank. It was learnt that once the money was transferred, Buhari cleaned out the account but never paid any interest to the woman.
The EFCC source said that Buhari claimed that he had some problems which emanated from his lost of the bank’s guarantee which he secured from a new generation bank. He was said to have explained that the guarantee was cancelled because the bank felt that the branch from which he secured it lacked the competence to give it. Investigation revealed that Buhari was still being held by the operatives investigating the case at the Lagos office of the EFCC as of the time of filing this report.
source: Punch
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