The Economic and Financial Crimes Commission, EFCC, has arraigned Nyani Kubiliru Gabriel before Justice S.U. Bature of the Federal Capital Territory High Court, Maitama, Abuja, for alleged foreign exchange fraud.

Gabriel was arraigned on four-count charges bordering on obtaining money under false pretence, cheating, fraudulent conversion and criminal breach of trust.

One of the count read: “That you, Nyani Kubiliru sometimes in June, 2021 at Abuja within the jurisdiction of this Honourable Court being entrusted with the sum of N7, 500,000 (Seven Million Five Hundred Thousand Naira) by Mustapha Danjuma Baba for forex trading did dishonestly convert the sum of N1, 418, 750.00 (One Million Four Hundred and Eighteen Thousand Seven Fifty Naira) to your personal use in violation of the agreement in which such trust was to be discharged and you thereby committed an offence contrary to Section 311 of the Penal Act Cap. 532 Laws of the Federation of Nigeria (Abuja) 1990 and punishable under Section 312 of the same Act.”

The defendant pleaded ‘not guilty’ to the charges when they were read to him.

Upon his plea, prosecution counsel, Elizabeth Alabi, prayed the court for a trial date for the prosecution to open its case and call all the witnesses. However, defence counsel, M. K. Habila prayed the court to admit the defendant to bail pending the commencement of his trial.

Justice Bature thereafter admitted the defendant to bail in the sum of N2, 000,000 (Two Million Naira) and a surety in like sum. The surety must be a civil servant not below the rank of Level 12 or a reasonable Nigerian with a means of living, and owns a property within the FCT, to be verified by the prosecution.

The case was adjourned till November 7 and 8, 2022 for commencement of trial.

Media & Publicity

28 June, 2022