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Federal High Court Convicts Three Unlicensed Bureau de Change Operators in Borno

Nnaemeka OkwarabyNnaemeka Okwara
July 14, 2024
in News
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Federal High Court Convicts Three Unlicensed Bureau de Change Operators in Borno
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The Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) arraigned three individuals before Justice K. Dagat of the Federal High Court, sitting in Maiduguri, Borno State, for operating illegal bureau de change businesses without the required licenses.

The defendants, Buba Ahmadu Aliyu, Mohammed Mustapha, and Muhammad Zarami, pleaded guilty to the charges. Consequently, Justice Dagat convicted and sentenced them to one year imprisonment each, with an option of a N100,000 fine.

This conviction serves as a stern warning to unlicensed bureau de change operators in Nigeria, demonstrating the EFCC’s commitment to combating financial crimes and ensuring compliance with regulatory requirements. The EFCC’s efforts aim to maintain the integrity of Nigeria’s financial system and protect the public from fraudulent activities.

The successful prosecution of these cases is a testament to the collaborative efforts between the EFCC and the judiciary in upholding the rule of law and promoting a safe and secure business environment in Nigeria.

Tags: BornoBureau De Changefederal characterFederal high CourtFederal High Court Convicts Three Unlicensed Bureau de Change Operators in BornoNews
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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