<h4>Court Jails Fake BDC Operator In Maiduguri</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that Justice A.K Dagat of the Federal High Court, Maiduguri on Thursday, May 9, 2024, convicted and sentenced one Bana Alhaji Lawan to one year imprisonment.</p>
<p>According to a statement signed by Dele Oyewale, Head, Media &; Publicity and made available to OpenLife, Lawan was arraigned by the Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a one count charge for carrying out bureau de change businesses without an appropriate licence.</p>
<p>The lone- count read: “That you, Bana Alhaji Lawan between 2007 and 2024, in Maiduguri, Borno State within the jurisdiction of this Honourable Court, did carry on other financial business, to wit bureau de change business without a license issued by Central Bank of Nigeria contrary to Sections 57(5) and 59 of the Bank and other Financial Institutions Act, 2020.”</p>
<p>The defendant pleaded guilty to the charge when it was read to him.</p>
<p>Counsels to the prosecution, Faruku Muhammad and A. D Aliyu prayed the court to convict and sentence the defendant as charged while counsel to the defendant, H. Waziri urged the court to temper justice with mercy.</p>
<p>Justice Dagat convicted and sentenced Lawan to one-year imprisonment with an option of N100,000.00 (One Hundred Thousand Naira) fine.</p>
<p>Lawan bagged his imprisonment when he was arrested for illegally operating a bureau de change business in Maiduguri. He was charged to court and convicted.</p>
<figure id="attachment_24475" aria-describedby="caption-attachment-24475" style="width: 300px" class="wp-caption alignnone"><img class="size-medium wp-image-24475" src="https://openlife.ng/wp-content/uploads/2024/04/EFCC456-e1712334155575-300x142.webp" alt="Court Jails Fake BDC Operator In Maiduguri" width="300" height="142" /><figcaption id="caption-attachment-24475" class="wp-caption-text"><em><strong>EFCC</strong></em></figcaption></figure>
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