Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested Mohammed Buhari, an adopted son of a former Head of State, Gen. Mohammadu Buhari and chieftain of the All Progressives Congress, APC, for an alleged N20m scam.
A source at the EFCC said that the young Buhari obtained the said N20m from one Nwokocha Florence to invest in an oil and gas business with a promise to make mouthwatering returns to the lady.
It was gathered that the adopted son of the former Head of State and presidential candidate of the Congress for Progressive Change in the 2011 elections also promised to pay the lady 30 per cent annual interest on the N20m.
It was gathered that the relationship between the two turned sour when Buhari reneged on the agreement to pay the 30 per cent annual interest on the N20m to the investor said to have been introduced to him by his accounts officer at ECO Bank.
It was leant that once the money was transferred, Buhari cleaned out the account but never paid any interest to the woman.
The EFCC source said that Buhari claimed that he had some problems which emanated from his lost of the bank’s guarantee which he secured from a new generation bank.
He was said to have explained that the guarantee was cancelled because the bank felt that the branch from which he secured it lacked the competence to give it.
Investigation revealed that Buhari was still being held by the operatives investigating the case at the Lagos office of the EFCC as of the time of filing this report
Head of Media and Publicity of the EFCC, Wilson Uwujaren confirmed the arrest but decline to give any further details.
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