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...

ALLEGED €250,000,000: ABSENCE OF DEFENCE COUNSEL STALLS TRIAL OF DEFENDANT. (PHOTO).#PRESS RELEASE



Alleged €250,000,000: Absence of Defence Counsel Stalls Trial of Defendant


Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Friday, September 22, 2023, adjourned till November 16, 2023 the trial of the late Tan Ah Chai Richard, a Malaysian, and his company, Coastal Asia Investments Limited, over a €250,000,000.00 fraud, due to the absence of the defence counsel.

 

Richard and his company were first arraigned by the Economic and Financial Crimes Commission, EFCC, on May 22, 2019, on a five-count charge bordering on forgery, use of false document, conspiracy to forge and an attempt to obtain money by false pretence to the tune of €250,000,000.00 (Two Hundred and Fifty Million Euros).

 

He had pleaded "not guilty" to the charges, thereby prompting the commencement of trial, which had seen the prosecution calling a witness.

 

However, in the course of the trial, Richard reportedly died in prison custody, thereby necessitating the need to amend the charges.

 

The prosecution had, therefore, approached the court, on January 28, 2022, with an amended charge.

 

One of the amended charges reads: “Tan Ah Chai Richard (Deceased),  Coastal  Asia Investments Limited and Dr. Sawang Jana (still at large), on or about the 27th September, 2018 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, conspired to commit felony, to wit: forgery of Swift Telex Advice dated 27th September, 2018, indicating transfer of the sum of €250,000,000.00 (Two Hundred and Fifty Million Euros) to Coastal Asia Investments Limited account with Polaris Bank Plc (formerly Skye Bank Plc), from HSBC Bank Plc, London, United Kingdom.”

 

At the proceedings on January 19, 2023, the defence had applied to the court to re-open its case, but the application had yet to be served on the prosecution. 

 

Eventually, the defence counsel, A. Onifade, on June 9, 2023 moved the application of the defence seeking to open its case.

 

He had cross-examined the prosecution's witness, John Yamah, an investigative officer of the EFCC, who had been subpoenaed.

 

Under cross-examination, the defence, through the witness, had tendered, in evidence, the international passport of the late Richard, which was admitted as exhibit by the court. 

 

Onifade had further asked the witness about "a search note filled by him".

 

"I am not aware that a search was conducted on his residence," the witness had replied.

 

Thereafter, Onifade had informed the court that it was closing its case.

 

Consequently, the court had adjourned till September 22, 2023 for the adoption of final written address. 

 

However, when the case came up today, the defence counsel was absent.

 

The counsel for the EFCC, B.M. Isa, informed the court that the prosecution was yet to receive any process from the defence. 

 

"I was informed by the court registrar that the defence counsel called that he would be unavoidably absent today, and they have not filed anything yet," he said.

 

Justice Dada, therefore, adjourned till November 16, 2023 for the adoption of the final written address.

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