The Economic and Financial Crimes Commission, EFCC, on Tuesday January 22, 2013 arraigned one Nasiru Wada Kura before Justice Dije Abdu Aboki of Kano State High Court on one count charge bordering on conversion of fund to the tune of N15.8million.
The accused person allegedly converted the sum entrusted to him by one Alhaji Alkasim L. Bako to personal use.
The charge reads: "that you Nasiru Wada Kura and Babban Karofi Bureau De Change Limited sometime in December, 2011 at Kano within the Jurisdiction of the High Court of Kano State while being Bureau de change operator and entrusted with the sum of N15,800,000.00 (Fifteen Million Eight Hundred Thousand Naira Only) by Alhaji Alkasim L. Bako converted the money to your own personal use contrary to section 308 of the Penal Code and thereby committed an offence punishable under section 309 of the Penal Code".
The accused pleaded not guilty to the charge.
Defence counsel, I.T Jibrin moved an oral application for bail which was opposed by the prosecuting counsel, M.S Abubakar, insisting on a formal bail application by the defendant.
Justice Aboki agreed with the prosecuting counsel and urged the defense to present a formal bail application.
The presiding judge consequently adjourned proceedings to February 6, 2013 for hearing of bail application and ordered that the accused be remanded in prison custody.
Media & Publicity Unit
22nd January, 2013