Ibrahim Shuaibu, also known as Ishaku Abdulrazak, has been arraigned by the EFCC in Kaduna for fraud involving ₦100 million. He faces seven charges, including impersonation and obtaining by pretenses, after allegedly misrepresenting himself as an NNPCL director to defraud a victim in 2018.
The Economic and Financial Crimes Commission (EFCC) has brought Ibrahim Shuaibu before the Kaduna State High Court, facing multiple charges related to fraud. Shuaibu is accused of impersonating a director of the Nigerian National Petroleum Company Limited (NNPCL) and deceiving a victim into transferring ₦100 million for petroleum products that were never delivered.
The charges against Shuaibu include criminal breach of trust, impersonation, and obtaining money under false pretenses, with specific allegations dating back to 2017. One count states that Shuaibu, along with a deceased accomplice, conspired to commit fraud by misleading the victim about the availability of petroleum products. In 2018, he allegedly convinced Faisal Safiyanu to pay ₦47,050,000 for a promised supply, knowing he could not fulfill the agreement.
During the court proceedings, Shuaibu pleaded not guilty to all counts, leading the prosecution to request a trial date. His defense attorney, AbdulKareem Audu, did not submit a bail application, resulting in Justice Darius Khobo ordering Shuaibu to be held in EFCC custody until further proceedings.
This case highlights the ongoing battle against fraud in Nigeria, particularly in the oil sector, where fraudulent activities have significant economic implications. The trial will determine the outcome of the charges against Shuaibu and may provide insight into broader issues of corruption and accountability in the industry.
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