The Economic and Financial Crimes Commission, EFCC today arraigned one Dr Rabi Cengiz Rakad before Justice Dije Abdu Aboki of Kano State High Court on a 5-count charge bordering on obtaining money under false pretence to the tune of N13,250,000 (Thirteen Million, Two Hundred and Fifty Thousand Naira Only).

The accused person was arrested by operatives of the EFCC following a petition by one A.A Sani on behalf of the complainant Yahaya BappaTaura.

The complainant alleged that, the suspect in March 2012 fraudulently sold a parcel of Land with Certificate of Occupancy No: LKN/CON/COM/90/72 under the pretext that the property was free from encumbrances at the cost of N14,000,000 (Fourteen Million Naira Only). The money was paid into the accused person’s company account (Turk Import &Export Company Ltd with account number 3000712404).

However, it was later discovered that the accused person had in 2005 mortgaged the said property to Skye Bank as collateral for a Five Million Naira loan and having failed to pay the loan, the Bank transferred the property to a third party in 2008.

Count one read, "That you Dr. Rabi Cengiz Rakad on 26 March, 2012 in Kano within the jurisdiction of this Honourable Court with intent to defraud obtained the sum of N5,000,000.00 (Five Million naira only) from Mallam Baffa Yahaya Taura (through the FCMB Plc. Account No. 3000712404 of Turk Import_Export Trading Co. Ltd.) for the sale of a portion of land covered by Certificate of Occupancy No. LKN/CON/COM/90/72 situate at Tsamiyar Boka, Hotoro Quarters, Kano under the false pretence that the said land was free of any encumbrances which pretence you knew to be false and you thereby committed an offence contrary to section 1(1) (a) of Advance Fee Fraud and other Fraud Related Offences Act, 2006 and punishable under section 1 (3) of the same Act”.

The accused person pleaded not guilty when the charge was read to her. In view of the plea of the accused person, prosecution counsel Salihu Sani asked for a trial date.

I. O Francis for the accused person moved a bail application praying the court to admit his client to bail.

Justice Aboki granted the accused bail in the sum of N5,000,000 and two sureties in like sum. One of the sureties must be a civil servant of grade level 15.

The case has been adjourned to January 19, 2017 for the commencement of trial.

Media & Publicity

6th December, 2016