EFCC charges senator’s son with N92m fraud

Mohammed Adamu, the son of the ex- Nasarawa State governor and current lawmaker representing Nasarawa-West senatorial district, Senator Abdullahi Adamu, charged with alleged fraud to the tune of 92m:

The Economic and Financial Crimes Commission will on Wednesday arraign Mohammed Adamu , the son of the ex -Nasarawa State governor and current lawmaker representing Nasarawa-West senatorial district , Senator Abdullahi Adamu , with alleged fraud to the tune of N 92 m .

The EFCC said in a statement by its acting Spokesman , Mr . Samin Amaddin , that the suspect would be charged alongside one Felix Ojiako before a Federal High Court sitting in Kano on five counts bordering on money laundering.

The suspects first came under investigation following a petition by one Atta Esin , Executive Director of Biolocks Technologies Limited alleging that Adamu and Ojiako conspired to use his company’ s name ( Biolocks Technologies Limited ) to execute a contract without his knowledge .
Esin also alleged that the contract resulted in the accumulation of withholding tax to the tune of N 1 . 3 m .

According to him , the contract was worth N 26 m but investigation into the alleged fraud revealed that the actual contract sum was N 92 m .

“ The suspects allegedly perpetrated the fraud by forging the board resolution of the company in order to open a new account in the company ’ s name where the proceeds of the contract were subsequently deposited , ” the statement added .



Source:punchng