Man bags 7 years for forex fraud

The Economic and Financial Crimes Commission (EFCC) in Kano State has secured the conviction of one Muallayidi Mohammed Sani on a three-count charge bordering on conspiracy and forgery. Sani and one Sabinatu Aliyu Alhassan (at large) were said to have engaged in foreign exchange (forex) racketeering, where they forged air tickets and visas to collect […]

The Economic and Financial Crimes Commission (EFCC) in Kano State has secured the conviction of one Muallayidi Mohammed Sani on a three-count charge bordering on conspiracy and forgery.

Sani and one Sabinatu Aliyu Alhassan (at large) were said to have engaged in foreign exchange (forex) racketeering, where they forged air tickets and visas to collect Personal Travel Allowance (PTA) from commercial banks at the official rate and sell at higher rates in the black market.

Part of the charge reads: “That you Muallayidi Mohamme Sani sometime in October, 2021, in Kano, Kano State, within the jurisdiction of this honourable court, with the intent to defraud, forged some documents titled: ‘Air Ticket, Passport and Visa’, purported to have been genuinely issued to facilitate the collection of PTA from commercial banks, and thereby committed forgery, an offence contrary to Section 363 and punishable under Section 364 of the Penal Code.”

The defendant pleaded guilty to the charge, and in view of his plea, the prosecutor, Zarami Mohammed, asked the court to convict him accordingly.

The defence counsel, Patience Edamaku, pleaded with the court to temper justice with mercy in sentencing her client.