City Updates

Court Jails 3 BDC Operators in Kano

Matilda Omonaiye/

Justice Mohammed Nasir Yunusa of the Federal High Court, Kano has convicted and sentenced three illegal bureau de change operators to three years imprisonment for operating without a requisite licence.  

The convicts, Umar Ibrahim Muhammad, Abubakar Yakubu Garba and Muhammad Tijjani, were jailed after pleading guilty to one-count separate charges of illegal dealing in foreign currency without an appropriate licence.

 The lone-count charge reads: “That you Ibrahim Muhammad, sometime in February 2024 in Kano within the jurisdiction of this honourable court did engage in a financial operation of bureau de change without a valid licence and you thereby committed an offence contrary to Section 57 (5) of the Banks and Other Financial Institutions Act 2020 and punishable under Section 57 (5) (B) of the same Act.”

They all pleaded “guilty” to the charge read to them in English and interpreted in Hausa, upon which prosecution counsel, Aisha Tahar Habib prayed the court to convict and sentence them accordingly, while the defence counsel pleaded for mercy and leniency.

 Justice Yunusa thereafter convicted and sentenced Muhammad, Garba and Tijani to one year imprisonment each with an option of fine of N100,000 each.

Their road to jail began when they were arrested by operatives of the Kano Command of the EFCC for operating a BDC without an appropriate licence.

0
Dipo

Dipo Kehinde is an accomplished Nigerian journalist, artist, and designer with over 34 years experience. More info on: https://www.linkedin.com/in/dipo-kehinde-8aa98926

Recent Posts

NNPC, SPDC Joint Venture Donates US$1 Million to Support Borno Flood Victims

Malik Yahya/ The Shell Petroleum Development Company of Nigeria Limited (SPDC JV)—operator of the NNPC…

20 mins ago

Federal Reserve Chair, Powell, Says He’ll Refuse to Step Down if Trump Asks

Femi Ashekun/ Federal Reserve Chair, Jerome Powell, has declared that he wouldn’t resign if President-elect…

12 hours ago

FG Responds to Malaysia’s Plan to Phase Out CNG, Clarifies its Position on Adoption

Segun Atanda/ The Nigerian government has responded to Malaysia's recent announcement to phase out compressed…

18 hours ago

Lagos Police Arrest Dog Owner After Fatal Attack on Security Guard in Lekki

Matilda Omonaiye/ The police in Lagos have arrested Salisu Mustapha, the owner of three dogs…

24 hours ago

Why America Chose Donald Trump Again: A Vote for Defiance and Distrust

Dipo Kehinde/ As the news broke, many around the world struggled to understand how a…

2 days ago

Donald Trump Elected US President in Historic Comeback

Editor/ Donald Trump has defeated Kamala Harris in the US presidential election, marking a surprising…

2 days ago