EFCC Nabs Kano Businesswoman Over N32M Fraud
Wasila Musa Ibrahim and her compan, Najaatu Petroleum Limited has been arraigned by the Economic and Financial Crimes Commission (EFCC), Kaduna zonal command before Justice Mohammed Nasir Yunusa at the Federal High Court, Kano.
The businesswoman and her firm were arraigned on a 10-count charge bordering on money laundering and tax evasion.
The anti-graft agency alleged that sometime in 2020, the defendant approached a man to discuss a business proposal for the supply of Diesel and Premium Motor Spirit (petrol) to a company known as Lee Group.
The defendant collected a sum of Thirty Eight Million, Two Hundred Thousand Naira (N38, 200,000.00) from the complainant and his family members to execute the business but diverted the money for her personal use.
When the complainant requested for a refund, the defendant claimed she gave the money to one Alhaji Lawan who had absconded and could not be reached.
It was learnt that in the course of investigation, that there was no proof to show that the defendant invested the said money.
It was also discovered that her company, Najaatu Petroleum Limited evaded tax payment from January 2013 to 2020.
One of the count reads: “That you, Wasila Musa Ibrahim “F”, sometime in October, 2020, in Kano within the Jurisdiction of this Honourable Court did make cash payment of the sum of N38,200,000.00(Thirty Eight Million and Two Hundred Thousand Naira) only to one Alhaji Lawan for the purchase of five (5) trucks of Diesel without passing through a financial institution and you thereby committed an offence contrary to Section 1 (a) of the Money Laundering (Prohibition) Act, 2011 (As Amended) and punishable under Section 16(2) (b) of the same Act.”
Another count reads: “That you, Wasila Musa Ibrahim “F”, Managing Director of Najaatu Petroleum Limited and Najaatu Petroleum Limited sometime in January, 2013 in Kano, within the jurisdiction of this Honourable Court, did fail to pay your company income tax for the year 2013 to the Federal Inland Revenue Service and you thereby committed an offence contrary to Section 9 (1) (a) of the Companies Income Tax Act, 2004 and punishable under Section 82 of the same Act”.
The defendant pleaded ‘not guilty’ to the charges.
Justice Yunusa, after listening to the arguments counsel, adjourned the matter till February 8, 2022 for hearing of bail application and remanded the defendant in EFCC custody.