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30th January 2023
LOCAL NEWS

MBC Synergy: One Mohammed Isah pleads guilty to N16m fraud

MBC Synergy: One Mohammed Isah pleads guilty to N16m fraud
MBC Synergy: One Mohammed Isah pleads guilty to N16m fraud

One Mohammed Baba Isah, the Manager of MBC Synergy Limited, Damaturu, has pleaded guilty before Justice Wakil Jauro of Yobe State High Court, sitting in Damaturu, to a three-count charge, bordering on forgery and criminal misappropriation to the tune of over N16million (Sixteen Million Naira).

According to the Economic and Financial Crimes Commission, EFCC, Mohammed Isah, who was arraigned began his journey to jail on January 18, 2018, when a complainant brought allegations of criminal misappropriation, parade of counterfeit documents, including secondary school result and possession of forged stamp belonging to some banks against him to the Commission.

Investigations by the EFCC revealed that the complainant invested the sum of N25million in MBC Synergy Limited, where Isah worked as Manager, for the purpose of doing telecommunications business, which he dishonestly misappropriated the sum of N16,463, 052 (Sixteen million, Four Hundred and Sixty Three Thousand, Fifty Two Naira), out of it. .

Count one of the charge reads:

“That you, Mohammed Baba Isah, being the manager of MBC Synergy Limited Damaturu, Yobe State, sometime in the year, 2017 at Damaturu, within the jurisdiction of this honourable court and in such capacity dishonestly converted to your personal use the sum of N16, 463, 052, 00 (Sixteen Million, Four Hundred and Sixty Three Thousand Fifty Two Naira) only, being the proceeds from the N25,000,000 (Twenty Five Million Naira) only, invested in the account of MBC Synergy Limited for the purpose of telecommunication business and thereby committed an offence contrary to and punishable under sections 308 and 309 of the Penal Code, Law of Yobe State of Nigeria respectively”.

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