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| Mudassir Yusuf |
The Economic and Financial Crime Commission, EFCC, on March 4, 2019 arraigned one Mudassir Yusuf, before Justice Dije Aboki of the Kano State High Court on a two-count charge bordering on criminal breach of trust.
Trouble started for Yusuf when the EFCC received a petition alleging that he collected the sum of N4,000,000 (Four Million Naira Only) from the complainant in two instalments for the purpose of textiles business.
The complainant alleged that the textile business was expected to yield a profit of N800,000 on or before June 12, 2018 in which the profit was to be shared equally between himself and the defendant.
However, at the expiration of the due date, Yusuf failed to pay the complainant the said profit, and also declined to refund his capital. All efforts made to recover both the money invested and the profit by the complaint also proved abortive.
Count one of the charge reads: “That you, Mudassir Yusuf, on or about 1st June, 2018 at Kano within the jurisdiction of the Kano State High Court, being entrusted with certain property to wit: N2,000,000 (Two Million Naira) belonging to Muntaka Kabir Moyi money given to you to buy and sell textile materials, did honestly misappropriate the sum in respect of the said property and thereby committed an offence contrary to section 311 of the Penal Code and punishable under section 312 of the same Act.”
He pleaded “not guilty” to the charges against him.
Prosecuting counsel, Michael Ojo, thereafter, asked the court for a date for hearing.
Defence counsel, H.U. Muhammad, however, moved the bail application of his client.
Justice Aboki granted the defendant bail in the sum of N1 million and two reliable sureties in like sum, one of whom must have a landed property within the jurisdiction of the court and must be a civil servant of not less than Grade Level 14.
The case has been adjourned to April 16, 2019.
