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The Economic and Financial Crimes Commission, EFCC, has arrested a businessman, Ibrahim Abubakar, for allegedly stealing N57,550,000.00 in Jos.


A statement by the agency Friday stated that N57.5m was mistakenly transferred to Abubakar’s company account, Shariff Agric and General Service, by one Baker Drilling Service.

Shortly after the error, Abubakar moved N10 million from the money to two personal accounts.

The statement read, “Operatives of the Gombe Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Ibrahim Abubakar, managing director of Shariff Agric and General Service in Jos, Plateau State, for stealing N57,550,000.00( Fifty Seven Million, Five Hundred and Fifty Thousand Naira only).

“He was arrested on Friday, October 6, 2023, for allegedly converting N57.5 million erroneously paid into his company, Shariff Agric and General Services’ account, for his use.

“Baker Drilling Service allegedly transferred the sum of N57,550,000.00 into the Shariff Agric and General Services account instead of Bluemoe Trade & Service.

“Both accounts are domiciled in the United Bank for Africa, respectively.

“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 account in UBA and Keystone banks, respectively—subsequent attempts made to withdraw the remaining amount led to his arrest.

“He will be charged to court as soon as investigations are concluded.”


By oyonews

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