Officials of the Economic
and Financial Crimes Commission (EFCC) have arrested Mohammed Buhari, who is the adopted son of former head of state Mohammadu Buhari. He was apprehended
for an alleged N20 million scam.
Mohammed reportedly got the N20 million from a woman named Nwokocha Florence, to invest in an oil
and gas business. He promised to make “mouthwatering
returns” to the woman, and also promised to pay her 30% annual interest on
the N20 million, Punch reports.
However, their business relationship turned sour when
Mohammed reneged on the agreement to pay the 30% annual interest. Once the
money was transferred, Mohammed reportedly cleaned out the account and never
paid the interest.
An EFCC source told Punch that
“Buhari claimed that he had some problems which emanated from his loss of the
bank’s guarantee which he secured from a new generation bank. He also added
that the guarantee was cancelled because the bank felt that the branch from
which he secured it lacked the competence to give it.”
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