The Kaduna Zonal Command of the Economic and Financial Crimes Commission (EFCC) has brought charges against Ibrahim Shuaibu for his involvement in a N100 million fraud scheme. Shuaibu, who allegedly posed as a high-ranking official of the Nigerian National Petroleum Corporation (NNPC), appeared before Justice Darius Khobo at the Kaduna State High Court on multiple fraud-related charges.
According to a statement released by the EFCC on Monday via their official handle on X.com, Shuaibu faces a seven-count charge, including criminal breach of trust, impersonation, and obtaining money by false pretenses.
One of the charges outlined against him details that Shuaibu, along with an accomplice (now deceased), conspired in 2017 to defraud victims by falsely claiming to be in a position to facilitate petroleum transactions. In another instance, Shuaibu allegedly obtained N47 million from a victim in 2018, promising to supply petroleum products—claims that proved to be false.
Shuaibu, who falsely represented himself as an NNPC Group Executive Director, pled “not guilty” to all charges. His defense counsel, AbdulKareem Audu, did not submit a bail application during the hearing. As a result, Justice Khobo ordered Shuaibu to remain in EFCC custody until the next hearing, which is expected to focus on the commencement of the trial.
This case is a stark reminder of the dangers of falling victim to fraud, with authorities urging the public to be vigilant against individuals or entities making suspicious claims, especially those involving large sums of money or critical resources like petroleum.
For those seeking to understand how such frauds occur, it’s essential to be cautious, verify the identity of individuals claiming to represent reputable institutions, and report suspicious activities to law enforcement. Awareness and due diligence are key in avoiding financial scams like this.
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