Benin Court Remands Man for Allegedly Stealing 300,000 Euros in Forex Scam


Edo court remands forex trader over alleged 300k euro fraud


Advertisement

A Benin High Court has ordered the remand of Abubakar Musa, a Bureau de Change operator accused of fraudulently withholding 300,000 euros from a client’s transaction. Justice Williams Aziegbemhin granted a 14-day police custody period to conclude investigations.

Advertisement


Prosecutor Polycap Odion revealed Musa received 500,000 euros to deliver to a family in Benin but released only 200,000 euros. The case, filed under Sections 293–296 of Edo’s Criminal Justice Law, was adjourned to May 19 for further hearing.

Advertisement


This incident highlights growing concerns over forex fraud in Nigeria, where unregulated currency exchanges often lead to disputes. Authorities urge citizens to use licensed platforms for international transactions.

Advertisement


#Fraud #ForexScam #EdoCourt #Nigeria #FinancialCrime #Justice #LegalNews #BureauDeChange

Advertisement



Post a Comment

Previous Post Next Post