Ibrahim Shuaibu, a fraudster posing as a director of the Nigeria National Petroleum Corporation Limited (NNPCL), has been remanded in prison for defrauding a victim of N100 million.
The Economic and Financial Crimes Commission (EFCC) charged Shuaibu before Justice Darius Khobo at the Kaduna State High Court. He faces seven counts related to criminal breach of trust, impersonation, and obtaining money under false pretenses.
In 2017, Shuaibu impersonated an NNPCL Group Executive Director and promised to provide over 2,000 litres of petroleum products. The victim transferred the money in instalments to Shuaibu’s bank accounts, but Shuaibu did not deliver the products or refund the money.
Shuaibu is charged with conspiring to commit fraud and obtaining N47,050,000 from the victim under false pretenses in 2018. He pleaded “not guilty” to all charges.
The court has ordered that the accused, Shuaibu, be remanded in custody of the EFCC pending his trial. His lawyer did not make any attempt to file a bail application on his behalf.