The BDC operators were charged with
conspiracy, unlawfull operation of forex trading as BDC operators without
license from regulatory agencies and deriving various sums of money from such
unauthorized trading. They were said to have committed the offence around
February 21 within the Lagos metropolis.
When the case was called up, counsel to the
State Criminal Investigation Department (CID), Panti and member of the
prosecution team, Umar Bello, informed the court that he seeks to withdraw the
charge against the defendants. Umar said he received a call from his superiors
in the office to withdraw the case. He told the court that he would not be
proceeding with the arraignment of the suspects.
Justice Allagoa accordingly, struck out the
charge. The police had earlier said that the offence contravenes the provisions
of the Banks and Other Financial Institutions Act 2020.
The BDC operators that were to be arraigned
before the court were Ibrahim Jubril, Abdullahi Abubakar, Ibrahim Hassan, Adamu
Isiaka, Ibrahim Abdulrahman, Jubril Hassan, Mohammed Isoaka, Mohammed Aminu and
Adamu Ibrahim. Others were Hassan Amadu, Salisu Hamidu, Mahmoud Mohammed,
Murtala Usman, Hassan Yakubu, Abdullahi Kabiru, Ali Sadam. Ahmadu Yusuf,
Abdullahi Hussain and Alhaji Sido.
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