Jos, Plateau State, October 13, 2023 — The Economic and Financial Crimes Commission (EFCC) announced the arrest of Ibrahim Abubakar, the managing director of Shariff Agric and General Service, over a financial discrepancy involving N57.5 million mistakenly deposited into his company’s account.
In a press release on Friday, EFCC spokesperson Dele Oyewale stated that Baker Drilling Service had mistakenly transferred N57,550,000 to Shariff Agric and General Service’s account, intended for Bluemoe Trade & Service. The error prompted Abubakar to allegedly convert the funds for personal use.
Abubakar, arrested on October 6, reportedly transferred N5 million each to his personal accounts in UBA and Keystone banks after the bank alerted him to the erroneous deposit. Subsequent attempts to withdraw the remaining amount resulted in his apprehension by EFCC operatives.
Oyewale emphasized that Abubakar would face charges as soon as investigations are concluded. The EFCC press release underscored the urgency in resolving the case, shedding light on financial impropriety and the consequences it may entail.
