Court jails illegal BDC Operator, internet fraudster in Ilorin

Justice Abimbola Awogboro of the Federal High Court, Ilorin, convicted and sentenced the two fraudsters after they pleaded guilty separately to one-count charge filed against them by the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) The charge against Suleiman reads: 'That you, Abubakar Suleiman, sometime in May, 2024 at Chikanda Market, Yashikira District, Baruten Local Government Area, Kwara State, within the jurisdiction of this Honourable Court, did carry on other financial business to wit: Bureau De Change Business without a valid licence issued by the Central Bank of Nigeria contrary to Section 57 (5) of the Bank and other Financial Institutions Act, 2020 and punishable under Section 57 (5) (B) of the Act
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