The Managing Director of Shariff Agric and General Service in Jos, Plateau State, Ibrahim Abubakar has been arrested by the Economic and Financial Crimes Commission (EFCC) for stealing N57,550,000 wrongfully paid into his company account domiciled with United Bank for Africa (UBA).
EFCC said the suspect was arrested on Friday, October 6, for allegedly converting N57.5 million erroneously paid into his company, Shariff Agric and General Services’ account, into his own use, according to a statement released on Friday, October 13.
The EFCC said Baker Drilling Service allegedly transferred the sum of N57,550,000.00 into the account of Shariff Agric and General Services, instead of Bluemoe Trade & Service.
Both accounts are domiciled in the United Bank for Africa respectively.
“After the bank alerted Abubakar of the wrong posting into his company’s account, he allegedly transferred the sum of Five Million (N5,000,000.00) each to his personal account in UBA and Keystone banks respectively.
“Subsequent attempts made to withdraw the remaining amount led to his arrest.
“He will be charged to court as soon as investigations are concluded,” the EFCC said.
