The Economic and Financial Crimes Commission, EFCC, Sokoto Zonal Office today, November 7, 2019, have reportedly arraigned one Hamzat Muhammad Bashar, Chief Executive Officer of Hamga Investment Resources Limited, and his company before Justice Bello Duwale of the Sokoto State High Court on a 12-count amended charge bordering on conspiracy and obtaining money by false pretence, to the tune of ₦29, 865,000.00 (Twenty Nine Million Eight Hundred and Sixty Five Thousand Nara).
Hamzat’s trouble started when the Commission received a petition against him by one Imran Ahmed and several other victims, alleging he had defrauded them to the tune of ₦29, 865,000.00 (Twenty Nine Million, Eight Hundred and Sixty-Five Thousand) in a phoney investment scheme in which they were promised 20 per cent returns on investment every month and dividend at the end of the year.
But after investing various sums of money, they neither received the 20% per cent returns nor got any dividends. And, all efforts to recover their principal also failed.
The defendant pleaded not guilty to the charge when it was read to him. In view of his plea, the prosecution counsel Muhammad Gambo asked for a date for trial to commence.
Responding, the defence counsel, M I. Dole informed the court that he had filed a bail application and served same on the prosecution. Justice Duwale adjourned the matter to the 21st of November, 2019 for consideration of bail application and trial. The defendant was remanded in the custody of the EFCC.
