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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THE SENATE PASSED THE ''SECURED TRANSACTION IN MOVABLE ASSETS BILL & THE CREDIT BUREAU SERVICES BILL'' YESTERDAY.{PHOTO}.

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Image may contain: 1 person                    Yesterday tuesday,the Senate President Bukola Saraki announced that they passed the Secured Transaction in Movable Assets Bill and the Credit Bureau Services Bill.These two Bills are a part of the Senate's Ease of Doing Business Legislation that are aimed at making the local regulatory environment more conducive to starting and operating businesses.Under the Secured Transaction in Movable Assets Bill,we can close the gap on access to credit financing for SME's by allowing the use of movable assets as collateral when acquiring loans.Up until now,only fixed assets like land and infrastructure were accepted.Additionally,the Secured Transaction Bill strengthens the financial inclusion of SME's,stimulates responsible lending to micro,small and medium enterprises and establishes a Collateral Registry for its operations.
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