Court Jails Miracle Investment Promoter 70 Years, Ordered To Restitute N29, 135,000 To Victims - THE DAILY CRUCIBLE



Thursday, April 1, 2021

Court Jails Miracle Investment Promoter 70 Years, Ordered To Restitute N29, 135,000 To Victims


The Daily Crucible

A State High Court sitting in Sokoto, Sokoto State, has  sentenced a fraudster, Hamzat Muhammad Bashar to Seventy years imprisonment without an option of fine.

Hamzat Muhammad Bashar was convicted and sentenced on Thursday
for obtaining Twenty Nine Million Eight Hundred and Sixty Five Thousand Naira (N29, 865, 000.00) by false pretence.

He was arraigned, by the Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC, on November 7, 2019 on a 12-count amended charge, bordering on conspiracy and obtaining money by false pretence.

One of the charge indicates that Hamzat  and Hamga Investment Resources Limited did obtain the total sum of N23,760,000 (Twenty Three Million Seven Hundred and Sixty Naira) from Hadiza Aliyu and others by falsely presenting himself to her, to be running a genuine business investment of Gold and Herbs, a pretence he knew to be false.

His action, as charged, contravened Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006 and punishable under Section 1(3) of the same Act.

He pleaded not guilty to all the charge, which necessitated his trial.

Prosecution counsel, Habila Jonathan, in the course of the trial called ten witnesses and tendered several documents to prove the case against the defendant..

Delivering judgment on Thursday, Justice Bello Duwale  held that the EFCC had  its case beyond reasonable doubt; convicted the defendant on counts 1, 2, 3, 5, 6, 7, 8, 9, 11, and 12, and sentenced him to seven years in prison without an option of fine on each of the 10 counts, which will run concurrently.

In addition, the Judge ordered the convict to restitute the total sum of N29, 135,000 (Twenty Nine Million One Hundred and Thirty Five Thousand Naira) to the victims through the EFCC.

Basha's trouble started when the Commission received a petition by one Imran Ahmed and several other victims, alleging he had defrauded them to the tune of N29, 865,000.00 (Twenty Nine Million, Eight Hundred and Sixty Five Thousand) in a phony investment scheme in which they were promised 20 percent returns on investment every month and dividends at the end of the year.

But after investing various sums of money, they neither received the 20% returns nor got any dividends.

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