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22 Nov 2016

Bureau De Change Operator Exchanges N1.7m With Fake Dollars in Lagos

Usman Nafada, a Bureau de Change operator, has allegedly connived with an accomplice to swindle one Mr Abdullahi Uba, of the sum of N1.7m at the Obalende area of Lagos during the course of changing some dollars to naira.



It was reportedly gathered that Mr Uba had approached Usman in November 16th, 2016, requesting to change some Naira to American dollars.

The suspect was said to have informed Uba that he didn’t have any hard currency at that period for exchange but talked the victim into exchanging the money at a partner’s place to which he accepted and handed the money over to the suspect.

Investigations into the matter revealed that the suspect returned with $100 which he gave to Mr Uba and when he discovered it was fake, he reported the alleged fraud at the Lion Building Police Division, and Nafada was arrested.

Usman, the defendant, has however pleaded not guilty before the presiding magistrate, Miss A. O. Awogboror, and has been granted bail in the sum of N200,000 with two sureties in like sum.

The case has been adjourned till December 13th, 2016.

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