Court Remands Businessman Over Alleged N790m Alaba Shops Fraud

Justice Ibrahim Kala of the Federal High Court in Lagos has remanded businessman Mohammed Bello Abubakar, popularly known as Buba, to the custody of the Ikoyi Correctional Centre over an alleged N790 million fraud involving the purported sale of 18 shops at Alaba International Market in Ojo.
Justice Ibrahim Kala gave the order after Abubakar was arraigned before the court by police operatives from the Force Criminal Investigation Department (ForceCID), Lagos, on a three-count charge of conspiracy, obtaining money by false pretence and unlawful conversion of funds.
The police prosecutor, Morufu Animashaun, had informed the judge that Abubakar and Alhaji Musa Lawal, who is said to be at...