EFCC Arrests Bauchi Lawmaker For N173million FraudFeatured, Latest News, News Tuesday, June 3rd, 2014
EFCC Arrest Bauchi Lawmaker For N173million Fraud
A member of the House of Representatives representing Bauchi Federal Constituency, Hon Aliyu Gebi has been arrested by the Economic and Financial Crimes Commission, EFCC for alleged fraud related issue.
The Commission disclosed that the federal lawmaker was detained on Tuesday at the EFCC headquarter, Abuja.
Gebi is alleged to be facing multiple cases of fraud by defrauding four people to the tune of N173million under false pretenses.
The Commission’s investigation, revealed that Gebi obtained N60 million as loan from one Chinedu Iloabachie ostensibly to pursue his political aspirations with a promise to return the money to his benefactor as soon as he was elected a lawmaker. After his election, the lawmaker failed to fulfill his promise to refund the money.
Six different cheques he issued to Iloabachie were returned unpaid, owing to insufficient fund in his account.
Gebi also borrowed N47million from Efab, a property developer to achieve his political ambition and all the cheques issued by Gebi as payment for the loan were returned unpaid.
Gebi, also allegedly obtained N16 million from Senator Ahmed Zanah under the pretext of helping him to buy the foreign exchange equivalent from the Central Bank of Nigeria at official rate without any forex deal.
The member of the House of Representatives equally converted a sum of N50million obtained from one Aliyu Habeeb to own use. Habeeb allegedly paid the money as deposit for a house he wanted to buy from Gebi. He neither got the house nor has the lawmaker agreed to refund his deposit.
Our investigation revealed that Gebi already has a fraud related matter in court.
EFCC reliable source confirmed that the lawmaker will be charge to court after investigation.
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