A Bureau de change (BDC) operator identified as Abubakar Mannir has been accused of defrauding the Chief Executive Officer of Allkraft Technology and Industries Limited, Mr Manas Das, of $737,015.00.

It was gathered that Das, a Nigeria-based Indian contacted the Bureau de Change operator, who operated under Emirates Booth Company, to purchase the United States dollars (USD) under three agreements, totalling $900,000.

The General Manager of Allkraft Technology and Industries Limited, Abdulrahman Abubakar, in a statement, said that 100 per cent of the Naira equivalent $900,000 was transferred from Allkraft to Zenith Bank account of Emirates Booth in December 2023.

However, trouble started when Mannir was said to have paid Das only $162,985 through Emirates Booth but allegedly fled without paying the balance of $737,015.00.

Abubakar said, “The contracts were supposed to be fulfilled in November 2023, but the Emirates Booth owned by Mr. Mannir cited a delay and finally agreed to make the transfers from January 15, 2024, to January 19, 2024. By that time, Mr. Manas Das had travelled to Abuja, from where the remittance was scheduled to be transferred.

“Mr. Mannir was scheduled to meet with members of staff of both companies (Allkraft Technology and Industries Limited and Emirates Booth) on January 14, 2024, for a dinner meeting to discuss and ensure that payments were made the next day.

“The last call I received from Mr. Mannir was on January 14, 2024, at about 5pm, informing that members of both companies would meet at about 7pm but the meeting never held

“The next day, after contacting the Emirates Booth office, including its managers and assistants, it was suspected that something was wrong.

“Staffers of both companies travelled from Abuja as early as 5am to Kano where it was confirmed that Mannir had disappeared. We had to report the case to the Police.

“Inspite of regular follow-ups with the police from that day until date, Mannir could not be traced and the money is yet to be recovered.
“The police informed us that Mannir had fled to Niger. However, we also know that he is in contact with his family because there are recordings of his conversation with his mother.

“The victim has been pushed into deep financial trouble and he is now trying to borrow money to survive and pay salaries to the staff and labourers who used to work in the company. Most of them have stopped working because there is no money to pay their salaries,” he said via the statement.

Mannir’s mobile lines were not connecting when he was reached out to. His younger brother, Abubakar Imam, said that his brother has not contacted them yet as he has not been able to reach him.

“I don’t know his current location, so I can’t say exactly where he is,” he stated.

It was gathered that earlier this year, Mannir was released from prison over another fraud case with Zenith Bank.

The Kano State Police Public Relations Officer, SP Abdullahi Haruna Kiyawa, confirmed that the command was aware of the matter, adding that investigation had commenced.

https://leadership.ng/bdc-operator-defrauds-indian-businessman-of-737000/#:~:text=A%20Bureau%20de%20change%20(BDC,Mr%20Manas%20Das%2C%20of%20%24737%2C015.00.

N

He’s not representing Nigeria, we are not known for fraud but truthfulness.

This

Some of those BDC guys hold dual citizenship with Nigeria and Niger

Niger has become their safe heaven after committing heinous crimes in Nigeria because they are not Nigerians in the first place .

Accused? The person wey Dem defraud no sabi his way to court abi his source of his money no clean?

Good!

They were all buying Dollars to hoard.....thinking that Dollar will be 2k .........as predicted by our EMERGENCY Nigerians.

tiger28:
Good!

They were all buying Dollars to hoard.....thinking that Dollar will be 2k .........as predicted by our EMERGENCY Nigerians.

Exactly

tiger28:
Good!

They were all buying Dollars to hoard.....thinking that Dollar will be 2k .........as predicted by our EMERGENCY Nigerians.

I wander why he couldn't buy the dollar through the right channel.

That's a huge amount of money

Aboki don cash out

CBN QUASI GUTTER FOREX EXCHANGES FRAUD IS JUST BEGINNING.

This is the root of the problem here:

"It was gathered that earlier this year, Mannir was released from prison over another fraud case with Zenith Bank"

Check the. Chriminal records of Bureau de change operations so as to avoid situations like this in future

If anyone has been convicted guilty, seize the licence FOR LIFE

that should serve as a deterrent to others.

Have adequate tracking system
NIN etc
Their banking system also

And this is the solution that would crown it all. Listen attentively now

For bureau de change operators to get a license, make sure they deposit an amount that will be greater than any amount they would be handling during the course of owning that license

Ie

A bureau operator makes a deposit of $1million to the government and then the government gives such operator an accumulated amount that MUST be less than $1million($500k -$600k) during the course of owning such license

Nobody would want to run away with an amount that is lesser than the amount they deposited

Hope you get the gist

They used to deceive us that Northerners were honest!
What internet cannot expose doesn't exist!

.

I am Yoruba. . But, from my trading and practical business experiences, Hausa business men are majorly honest people and straight forward.

I have traded with so many of them. In terms of forex and other things.

Get him arrested.

Dey support Fraud ooo, no condemn am.
Sha, wait small, You go soon fall victim come understand wetin others go through.

That name doesn't sound Nigerian. He must be from Niger Republic.

I won't say what's on my mind... Just imagine if the criminal was from.....

E get some people wey no go comment for this thread,Agenda ya werey gaan

Praxis758:
He’s not representing Nigeria, we are not knows for fraud but truthfulness.

yh u are right, even d devil is innocent of all charges against him

Aboki don turn scammers oh!

About don join yahoo

This kind of transactions baffles me.
If it's online I understand, but physical transaction bro!!
How did if happen??
Look at the sum involved

Biodun556:


https://leadership.ng/bdc-operator-defrauds-indian-businessman-of-737000/#:~:text=A%20Bureau%20de%20change%20(BDC,Mr%20Manas%20Das%2C%20of%20%24737%2C015.00.

Why he come resemblenyou laidis, dear janja with weeds?

Very good! One good turn deserves another
Indians have been duping Nigerians for long too

Biodun556:


Exactly

You buy dollar abi you nor buy dollar?

Who for this country nor sabi say na Aboki dry sabi thief foreign exchange pass?

Lots of people have been defrauded by BDCs.

Do NOT just transfer huge sums to them. They should bring the money physically with you to the bank. As you are crediting him with NGN, he is paying the USD to the cashier at the counter, to count and take out any counterfeit or mutilated USD or even any note with mark on it.

I dont know why people transfers huge millions to BDC person and wait for him to credit their dom accounts. What if the BDC guy absconds?