The Economic and Financial Crimes Commission, EFCC has arraigned one Murtala Bashir, Director, Portfolio Manager and Circular Trust Limited before Justice M.T. Tukur of the Kaduna State High Court on a one-count charge bordering on criminal breach of trust and cheating.

The petitioner, in preparation for his retirement sometimes in October 2017, put together his gratuity and gave the sum of N2 million with an expected quarterly dividend of N120,000 to one Alhaji Baba who was in charge of the company till his demise.

However, Bashir took over the company but refused to keep up with the agreement of both parties to remit the proceeds of the investment made by the Complainant.

Between November 2007 to August 2012, some dividends were paid into his account, but it stopped subsequently. Frantic efforts to get back the initial investment became futile.

The charge reads:

“That you, Murtala Bashir sometime in October, 2007 in Kaduna within the Kaduna Judicial Division of the High Courg being entrusted with the sum of N4,040,000.00 (Four Million and Forty Thousand Naira) by Essienesak Johnson Ubom for the purpose that the money will be invested in shares and stocks with Circular Trust Limited dishonestly converted to your use in violation of the Legal Contract which you made in regard to the sum, you thereby committed an offence contrary to Section 311 of the Penal Code Law of Kaduna State and Punishable under Section 312 of the same Law”. He pleaded “not guilty” to the charge.

Prosecuting counsel, E. Onyeka, asked the court to fix a date for trial to commence.

Defence counsel, E.F. Emdo, moved motion for bail of the defendant.

Justice Tukur, thereafter, granted bail to the defendant in the sum of N1 million and one surety in like sum who must be a public servant on grade level 15.

The case has been adjourned to February 6, 2019 for “commencement of trial”.

See more:
https://zenithnaija.com/efcc-arraigns-man-for-defrauding-pensioner/

Nawao

please babachair,bashir, Buhari, are they the same meaning in Nigeria dictionary

Nigerians because working their ass off to earn and this kunckle-dragger be working hard to defraud 'em. SMH

I just wonder how some people sleep peacefully at night.

All these 419 guys are evil. They don't care about what the person is going through or would go through all what they care about is the money,then after collecting the money they lavish the money anyhow. Very Stupid and highly irresponsible guys.

Jail term loadin ........98%

What of Ganduje?

Ayospanish:
please babachair,bashir, Buhari, are they the same meaning in Nigeria dictionary

You are so ignoran,t how bashir take relate with buhari?

STARBOY DEY FOR YOU....

Good! EFCC had never been active like under Buhari's tenure. Kudos

Yeye man wey dey do local scam and cast himself just because of 4 million naira wey your mates dey steal in billions and hard currency.

Maybe he think say na so dem take dey do wire wire wey dem Davido dey sing about.

Person give you money hold to invest, you collobi am as your own thinking say the guy no go know.

If you must thief, thief well and bear the consequences.

i was thinking NCAN has left indonesia and china relocated to dup ppl in d zoo

Lol

This Is What Pensioneers Go Through In Nigeria Every Time. . .
Remember When One Guy From The Pension Office Called My Dad On The Phone During His Retirement Processing Period And Was Asking For 60k Because Of A DOB Issue. . .
My Dad Ended Up Giving Him 20k.
Not Many People Are This Lucky, Some Have Lost Millions To This Scammers. . .
#ThisIsNigeria.

Just hang that man. Such heartless act is as bad as murder.

Maviomario:
Good for him

sell your papa house and stake na

Wicked man

so many bad boys on this thread EFCC is ignoring them.. ha

he most have resided in the SE at a certain time

You need Medical Checkup. . .

Ayospanish:
please babachair,bashir, Buhari, are they the same meaning in Nigeria dictionary

E no go ever better for this idiot. Of all people, Na pensioner you wan collect the tatchèrè money wey im take dey support life. Once again, E no go better for u.