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Bureau De Dhange Dperator Jailed For N11m Fraud

An Ikeja High Court today sentenced a bureau de change operator, Mohammed Ali, to two years in prison for defrauding a Lebanese businessman of 11-million Naira.

Justice Adeniyi Onigbanjo handed the sentence to Ali after convicting him on a four-count charge of obtaining money under false pretences.

Newsmen report that Ali was arraigned on Aug. 4, 2010 by the Economic and Financial Crimes Commission (EFCC). He had pleaded not guilty to the charge.

EFCC Counsel, Ben Ubi, submitted that the convict had sometime in 2008 collected N30 million from the Lebanese, Mr Alli Jamal, for conversion into U.S. dollars.

Ubi said that Ali converted the money but  diverted it for personal use,  prompting the complainant to petition the EFCC.

He said that Ali eventually refunded N19 million out of the sum before he was charged to court.

The court held that the prosecution proved its case beyond reasonable doubts. Onigbanjo sentenced Ali to two years imprisonment on each of the counts.

According to him, the sentence is to run concurrently beginning from the day of the  judgment.

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