Man arrested over N15m forex racket in Port Harcourt

According to Sun News, A man has been nabbed by the police in Port Harcourt, Rivers State, in a racket involving N15 million for procurement of US Dollars in a foreign exchange deal gone sour.

Pressure is also said to mount on the police and all those involved to get the accused person out of detention and off the case.

The accused, who gave his name as Salihu Nasiru Ibrahim, 22, and is said to be the son of a Director at the National Agricultural Biotechnology Development Agency in Abuja, is now standing trial at the Port Harcourt Chief Magistrate Court 10 presided over by A.O Amadi-Nna.

According to a charge sheet made available to newsmen, Ibrahim was accused of obtaining the N15 million from one Grace Ogolo to help her change it at the Central Bank of Nigeria (CBN) to Dollars at the government rate but did not change it and did not return the money since July 2022.

The charge sheet prepared by a Superintendent of Police (SP), Sewari Alpheaus, said the offence contravened Section 1 (b,c) and is punishable under Section 1 (2,3) of the Advance Fee Fraud Laws of the Federation 2006.

Meanwhile, the Chief Magistrate has fixed January 23, 2023, for ruling on the bail application.

Source: Sun News