By Bright Nwogu
A businessman, Mohammed Abubakar, alleged to have dishonestly diverted the sum of N21million was on Wednesday arraigned before Justice S. Belgore of the Federal Capital Territory (FCT) High Court, Apo.
He was arraigned by the Economic and Financial Crimes Commission (EFCC) on a one-count charge bordering on ‘breach of trust, dishonesty and diversion of funds to the tune of about N21million.’
A release by the EFCC said a petitioner, Finlab Nigeria Limited had alleged that the defendant collected goods on credit with a promise to pay as soon as the contract sum was paid.
The petitioner said when said Abubakar, after receiving the contract sum, diverted the money to his personal use, and failed to honour the terms of the agreement with Finlab.
The count reads: “That you, Mohammed Musa Abubakar, sometime in March 2014 in Abuja within the Judicial Division of the High Court of the Federal Capital Territory did dishonesty convert the sum of N21,330,437.44 (Twenty-one million, three hundred and thirty thousand, four hundred and thirty-seven naira forty-four kobo only) to your own use, which sum was the balance of the payment for laboratory equipment supplied to you on trust, to enable you carry out a contract at the University of Abuja, and that you will pay for the said goods when the contract sum is paid to you by the said university and you thereby committed criminal breach of trust contrary to Section 311 of the Penal Code, Laws of the Federation (Abuja) and punishable under Section 312 of the same Act.”