Miracle Investment Promoter Bags 70-Year Jail Term in Sokoto for fraud

Spread the love

Justice Bello Duwale of the Sokoto State High Court, sitting in Sokoto on Thursday, April 1, 2021, convicted and sentenced a fraudster, Hamzat Muhammad Bashar to Seventy years imprisonment without an option of fine for obtaining Twenty Nine Million Eight Hundred and Sixty Five Thousand Naira (N29, 865, 000.00) by false pretence.

READ ALSO:. INSIDE LIFE SPECIAL! What this lady did to her fiance abroad will put fear in every man to marry from Nigeria

He was arraigned, by the Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC, on November 7, 2019 on a 12-count amended charge, bordering on conspiracy and obtaining money by false pretence.

Count one of the charge reads: “That you Hamzat Bashar Muhammad, Hindatu Bashar (Now at Large) and Hamga Investment Resources Limited sometimes within the months of June to December, 2018 at Sokoto within the Jurisdiction of this Honourable Court, with intent to defraud, did obtain the total sum of N23,760,000 (Twenty Three Million Seven Hundred and Sixty Naira) from Hadiza Aliyu (for herself and other victims) when you falsely represented yourselves to her, to be running a genuine business investment of Gold and Herbs, a pretence you knew to be false and thereby committed an offence contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006 and punishable under Section 1(3) of the same Act.”

READ ALSO:. Yahaya Bello tackles Tinubu on 2023 presidential ambition

He pleaded not guilty to all the charges, which necessitated his trial.

Prosecution counsel, Habila Jonathan, in the course of the trial called ten witnesses and tendered several documents to prove the case against the defendant..

Delivering judgment today, Justice Duwale ruled that the EFCC has proved its case beyond reasonable doubt; convicted the defendant on counts 1, 2, 3, 5, 6, 7, 8, 9, 11, and 12, and sentenced him to seven years in prison without an option of fine on each of the 10 counts, which will run concurrently.

READ :. https://www.sojworldnews.com/nigerian-fighter-jet-missing-on-mission-in-the-northeast/

In addition, the Judge ordered the convict to restitute the total sum of N29, 135,000 (Twenty Nine Million One Hundred and Thirty Five Thousand Naira) to the victims through the EFCC.

Basha’s trouble started when the Commission received a petition by one Imran Ahmed and several other victims, alleging he had defrauded them to the tune of N29, 865,000.00 (Twenty Nine Million, Eight Hundred and Sixty Five Thousand) in a phony investment scheme in which they were promised 20 percent returns on investment every month and dividends at the end of the year.

But after investing various sums of money, they neither received the 20% returns nor got any dividends.

READ ALSO:. https://www.sojworldnews.com/falana-raises-fundamental-issues-for-yoruba-agitators-to-tackle/

EDITOR’S NOTE:.

We are professionals, just tell us what you want, we will showcase and project you to the whole world at affordable charges.

We have our presence in Google, Nairaland, Opera News platforms, Facebook, Twitter, WhatsApp, Pinterest, Telegram Tumblr, Instagrams etc

Call or contact us via WhatsApp numbers: 08023851511, 09069473894 or 0906 160 0029 for your advert placement, Press Release, Conference, Interviews, Media and Publicity and so on.

Follow us on Twitter, @WAJU73 or SOJ WORLDWIDE ONLINE NEWS, www.sojworldnews.com

www.sojworldnews.com (c) April 1, 2021

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.