Isaiah Gabriel, a 40-year-old businessman, faced charges in a Kaduna High Court on Wednesday in connection with an alleged N7.5 million fraud. The Kaduna branch of the Economic and Financial Crimes Commission (EFCC) brought forward the charges against Gabriel.
During the court proceedings, EFCC counsel Nasiru Salele informed the court that the accused committed the offense in June. Salele alleged that Gabriel, entrusted with processing a Bureau De Change license for Williams Victor, collected N7.5 million but diverted the funds for personal use.
The prosecutor claimed that despite the complainant’s efforts to reclaim the money, the defendant did not comply. The charges were brought under Section 344 and are punishable according to Section 345 of the Penal Code of Kaduna State.
Upon hearing the charges, the defendant pleaded not guilty. Justice Amina Bello granted bail to Gabriel, setting the amount at N1 million with two sureties required to provide the same sum. The court mandated that the sureties submit an affidavit and demonstrate evidence of tax clearance for the past three years.
Furthermore, Justice Bello directed both the sureties and the defendant to deposit their recent passport photographs with the court. The case has been adjourned until January 15, 2024.”