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