Court Jails Fake BDC Operator In Maiduguri

<h4>Court Jails Fake BDC Operator In Maiduguri<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Justice A&period;K Dagat of the Federal High Court&comma; Maiduguri on Thursday&comma; May 9&comma; 2024&comma; convicted and sentenced one Bana Alhaji Lawan to one year imprisonment&period;<&sol;p>&NewLine;<p>According to a statement signed by Dele Oyewale&comma; Head&comma; Media &amp&semi; Publicity and made available to OpenLife&comma; Lawan was arraigned by the Maiduguri Zonal Command of the Economic and Financial Crimes Commission&comma; EFCC&comma; on a one count charge for carrying out bureau de change businesses without an appropriate licence&period;<&sol;p>&NewLine;<p>The lone- count read&colon; &OpenCurlyDoubleQuote;That you&comma; Bana Alhaji Lawan between 2007 and 2024&comma; in Maiduguri&comma; Borno State within the jurisdiction of this Honourable Court&comma; did carry on other financial business&comma; to wit bureau de change business without a license issued by Central Bank of Nigeria contrary to Sections 57&lpar;5&rpar; and 59 of the Bank and other Financial Institutions Act&comma; 2020&period;”<&sol;p>&NewLine;<p>The defendant pleaded guilty to the charge when it was read to him&period;<&sol;p>&NewLine;<p>Counsels to the prosecution&comma; Faruku Muhammad and A&period; D Aliyu prayed the court to convict and sentence the defendant as charged while counsel to the defendant&comma; H&period; Waziri urged the court to temper justice with mercy&period;<&sol;p>&NewLine;<p>Justice Dagat convicted and sentenced Lawan to one-year imprisonment with an option of N100&comma;000&period;00 &lpar;One Hundred Thousand Naira&rpar; fine&period;<&sol;p>&NewLine;<p>Lawan bagged his imprisonment when he was arrested for illegally operating a bureau de change business in Maiduguri&period; He was charged to court and convicted&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;24475" aria-describedby&equals;"caption-attachment-24475" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-24475" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2024&sol;04&sol;EFCC456-e1712334155575-300x142&period;webp" alt&equals;"Court Jails Fake BDC Operator In Maiduguri" width&equals;"300" height&equals;"142" &sol;><figcaption id&equals;"caption-attachment-24475" class&equals;"wp-caption-text"><em><strong>EFCC<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;