Anti-Graft : EFCC arrests businessman over N57.5m erroneously sent to his company’s account
The Economic and Financial Crimes Commission (EFCC) has arrested Ibrahim Abubakar, Managing Director of Shariff Agric and General Service, over N57.5 million that was mistakenly sent to his company’s bank account.
A statement by the EFCC on Friday said Abubakar, before his arrest, had allegedly transferred the sum of N5 million each to his two personal accounts in UBA and Keystone banks respectively, making a total of N10 million.
The antigraft agency noted that subsequent attempts made by the suspect to withdraw the remaining amount led to his arrest,
The statement further explained that the N57,550,000 was mistakenly transfered from a firm, Baker Drilling Service, to the bank account of Abubakar.
“After the bank alerted Abubakar of the wrong posting into his company’s account, he allegedly transferred the sum of Five Million (N5,000,000.00) each to his personal account in UBA and Keystone banks respectively.
“Subsequent attempts made to withdraw the remaining amount led to his arrest”, Oyewale noted adding that the suspect will be charged to court as soon as investigations are concluded.
