The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned Abubakar Muhammad on multiple charges related to an alleged fraud amounting to N650 million. The defendant faced three counts before Justice Shehu Umaru Adamu at the Federal High Court and two counts before Justice Amina Mustapha Ibrahim at the Borno State High Court. The charges include money laundering, criminal misappropriation, and breach of trust, with allegations that Muhammad misappropriated funds under the pretense of managing investments in a mining business. Following his plea of not guilty, the court granted him bail set at N300 million, requiring two sureties, one of whom must possess a property valued at N400 million. The case has been adjourned for further hearings on June 11 and 15, 2026.
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