COURT JAILS TWO FOR N14.8M FRAUD IN MAIDUGURI. (PHOTO). #PRESS RELEASE.

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 Court Jails Two for N14.8m Fraud in Maiduguri Justice B.T Zannah of the Borno State High Court sitting in Maiduguri, on Monday, July 13, 2026 convicted and sentenced two to three years imprisonment. The convicts are: Babagana Bukar and Hauwa Chabri.  The convicts were arraigned on Monday, July 13, 2026 by the Maiduguri Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on a separate one -count charge for the offence of criminal misappropriation to the tune of N14,800,000.00 (Fourteen  Million, Eight Hundred Thousand Naira). The charge against Bukar reads: "That you, Babagana Bukar sometimes in 2025 at Maiduguri, Borno State within the jurisdiction of this honourable court, dishonestly misappropriated and converted to your own use the aggregate sum of N8,800,000.00 (Eight Million, Eight Hundred Thousand Naira)  money belonging to Bunu Gambo Liman, being amount given to you through Babakura Umar and Bello Adamu for the supplies of 100 bags of IRS...
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WHAT DO YOU THINK ABOUT ZIMBABWE USING THE CHINESE YUAN AS THEIR OFFICIAL CURRENCY?.

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                   Zimbabew's Finance Minister Patrick Chinamasa announced the plan in a statement late December 2015 that the use of the Yuan ''Will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe''.Zimbabwe had abandoned its own dollar in 2009 post the hyperinflation period which had reached as high as 500bn%,causing its currency to be unusable.It had then started using number of foreign currencis,including the US dollar and the South African rand.The yuan had been added later.Yuan has been a legal tender in the country's multi-currency system for two years now.However,its use had not been approved yet until recently for public transactions in the market.Though an economist John Robertston told Al Jazeera that ''Nothing looks to change from this latest move''.

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