Monday, September 15, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home News

Court Jails Fake Auctioneer Seven Years for N35m Fraud

He was jailed after facing trial on two-count charges bordering on intent to defraud and obtaining under false pretences to the tune of N35,000.000( Thirty-five Million Naira only

Newsroom Nigeria by Newsroom Nigeria
March 14, 2025
in News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Justice Nasiru Saminu of the Kano State High Court has convicted and sentenced Bulama Abdulrahman to seven years imprisonment without an option of fine, for posing as an auctioneer assigned by the Economic and Financial Crimes Commission, EFCC, to sell some properties forfeited to the Federal Government on the Commission’s behalf.

He was jailed after facing trial on two-count charges bordering on intent to defraud and obtaining under false pretences to the tune of N35,000.000( Thirty-five Million Naira only)

Related posts

DecemberIssaVybe: How FirstBank Made Yuletide the Season of Music, Memories and Magic

DecemberIssaVybe: How FirstBank Made Yuletide the Season of Music, Memories and Magic

September 15, 2025
ANSARU: ALAKE HAILS VERDICT AS VICTORY ON WAR AGAINST ILLEGAL MINING

ANSARU: ALAKE HAILS VERDICT AS VICTORY ON WAR AGAINST ILLEGAL MINING

September 15, 2025

One of the charges reads:“That you Abdulrahman Bulama on or about June, 2023 in Kano within the jurisdiction of the Kano State High Court, with intent to defraud, obtained the sum of N20,000,000 (Twenty Million Naira only) from one Safiyanu Abdullahi of Tauraro and Property Limited under the false pretense that you are an auctioneer and you had the consent and authority of the Economic and Financial Crimes Commission to auction a fenced uncompleted building at Rijiyar Zaki Kano , which pretence you knew to be false and you thereby committed an offense contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006.”

The defendant pleaded not guilty to the two- count charges when they were read to him.

In view of his plea, prosecution counsel, Musa Isah, took the cases to full trial during which he presented three witnesses while the defendant stood as lone witness in his defence.

Upon conclusion of the case, Justice Saminu, convinced by the weight of evidence presented by Isah, found the defendant guilty as charged on count two and acquitted him on count one.

Subsequently, Isah prayed the court to convict the defendant accordingly.

The defence counsel pleaded with the court to temper justice with mercy adding that the defendant is a Phd student at Nasarawa State University.

Accordingly, Justice Saminu convicted the defendant and sentenced him to seven years imprisonment without an option of fine. The judge further ordered that the defendant pays the sum of N35,000,000 (Thirty Five Million Naira only) as restitution to the victim. The court also ordered that, for any failure to pay the restitution, the defendant will serve an additional prison term of seven years.

Bulama’s journey to prison began when the Commission received a petition alleging that he posed as an auctioneer assigned by the EFCC to sell some properties that were forfeited to the Federal Government on the Commission’s behalf. In the process, Bulama allegedly obtained a sum of N35,000,000 from his victims under the guise of selling them a truck and an uncompleted building in Kano.

Bulama is a serial fraudster who was investigated by the Commission and was subsequently convicted by the Kano State High Court on June 28, 2021 for a similar offence bordering on obtaining by false pretence.

 

ShareTweetSendShareShare
Previous Post

ASIAN BANKER AWARDS: FIRSTBANK MAINTAINS DOMINANCE IN SME BANKING ACROSS NIGERIA, AFRICA

Next Post

I UNDERSTAND YOUR CONCERNS, BUT WE HAVE TO BUILD A NATION, SAYS TINUBU TO CATHOLIC BISHOPS

Related Posts

DecemberIssaVybe: How FirstBank Made Yuletide the Season of Music, Memories and Magic
BANKING

DecemberIssaVybe: How FirstBank Made Yuletide the Season of Music, Memories and Magic

September 15, 2025
ANSARU: ALAKE HAILS VERDICT AS VICTORY ON WAR AGAINST ILLEGAL MINING
JUDICIARY

ANSARU: ALAKE HAILS VERDICT AS VICTORY ON WAR AGAINST ILLEGAL MINING

September 15, 2025
HEDA Commends Appointment of Hon. Kayode Oladele as Acting Chairman of Federal Character Commission
JUDICIARY

Appeal Court in another FoI Case Upholds HEDA’s Victory, Orders CBN to Release Pilgrims’ Subsidized Forex Details

September 14, 2025
Civil Society Demands Immediate Government Action on Niger Delta Pollution Crisis
News

CBN Loses Appeal as HEDA Secures Order on MTN Fine Settlement Details

September 14, 2025
SETTING THE AGENDA FOR GROWTH
Appointment/Career

SETTING THE AGENDA FOR GROWTH

September 10, 2025
Sanwo-Olu to Lead Lagos State Delegation to FNITCC Atlanta
Business and Economy

Sanwo-Olu to Lead Lagos State Delegation to FNITCC Atlanta

September 7, 2025
Next Post

I UNDERSTAND YOUR CONCERNS, BUT WE HAVE TO BUILD A NATION, SAYS TINUBU TO CATHOLIC BISHOPS

RECOMMENDED NEWS

Pregnant Woman, Female Undergraduate, 26 Others Arrested With Tons of Illicit Drugs 

3 years ago

Yahoo Boy Bags Two Years For Impersonating Flavour N’abania, Duping American.

1 year ago

GROUPS CONDEMN PLANNED RESUMPTION OF OIL EXTRACTION IN OGONILAND

8 months ago

TINUBU CONVENES ECOWAS EMERGENCY MEETING ON COUP IN NIGER

2 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • Lagos NMA Hails Ago Medical Center’s CMD’s Resilience After Fire

    Lagos NMA Hails Ago Medical Center’s CMD’s Resilience After Fire

    0 shares
    Share 0 Tweet 0
  • LAGOS, OSUN STAKEHOLDERS REJECT PDP ZONING, RALLY FOR GBENGA HASHIM

    0 shares
    Share 0 Tweet 0
  • Civil Society Demands Immediate Government Action on Niger Delta Pollution Crisis

    0 shares
    Share 0 Tweet 0
  • NIGERIA BELONGS TO ALL OF US. I AM ARROGANTLY NIGERIAN. I LOVE THIS COUNTRY, SAYS FIRST LADY

    0 shares
    Share 0 Tweet 0
  • Gbenga Hashim is More Popular than Tinubu in Osun State, Says S/West Coordinator

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.