Operatives of the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, has explained how Ibrahim Abubakar, managing director of Shariff Agric and General Service in Jos, Plateau State, converted N57.5million mistakenly paid Into His Account.
He was arrested on Friday, October 6, 2023, for allegedly converting N57.5million erroneously paid into his company: Shariff Agric and General Services' account, for his own use.
According to the commission, Baker Drilling Service allegedly transferred the sum of N57,550,000.00 into the account of Shariff Agric and General Services, instead of Bluemoe Trade & Service. Both accounts are domiciled in the United Bank for Africa respectively.
After the bank alerted Abubakar of the wrong posting into his company's account, he allegedly transferred the sum of Five Million (N5,000,000.00) each to his personal account in UBA and Keystone banks respectively. Subsequent attempts made to withdraw the remaining amount led to his arrest.
"Efforts to withdraw the remaining funds resulted in his apprehension."
He will be charged to court as soon as investigations are concluded.
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