Fake Colonel Arrested Over N40m Fraud (Photo)

The Oyo State Police Command has arrested 62-year-old Babatunde Idris for parading himself as a colonel in the nigerian army and using a fake identity to defraud one Yinusa Mustapha of the sum of N40m.The state Commissioner of Police, Leye Oyebade, said Idris was arrested after a petition was filed against him.He said, "Following a petition received alleging the fraudulent activities of Idris, the command's Anti-kidnapping Squad swung into action and arrested the suspect, who until his arrest had fraudulently obtained various sums of money from his victims."Oyebade added that the suspect promised his last victim, Mustapha, that he would help him to get a certificate for oil importation since 2012, but failed to complete the deal after the money was paid into his account."The suspect forged various letterheads of the nigerian army which he issued to unsuspecting individuals and corporate organisations soliciting assistance. He also had multiple identities under fake names all bearing the status of a colonel," the commissioner added.The suspect said he collected the money from hisvictim in installments, but denied that the money was up to N40m.He said, "I collected N16m from him claiming to be a colonel in the army. I signed the form, but truly I am not a military man. One of my brothers is a general in the army. One day, he gave me a letter to help somebody, so I made a copy of it."Mustapha wanted me to help him to collect certificate of oil lifting and because I knew people who could do it, I took the money from him, but the deal failed."

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EMIR OF KASTINA TELLS PRESIDENT BUHARI TO SIGN PEACE CORPS BILL

The Emir of Katsina, Abdulmumini Usman, has declared support for the Peace Corps bill passed by the National Assembly. The bill, which seeks to turn the Peace Corps, a non-government organisation, into a government paramilitary agency, has elicited mixed reactions from Nigerians. Proponents see it as an avenue to create jobs for thousands of youth while critics describe as a duplication of functions already being performed by existing agencies and creation of another bureaucracy at a time the country is finding it difficult to pay workers' salaries. The bill was opposed by existing military and security institutions in Nigeria and the Peace Corps leader Dickson Akoh is currently being prosecuted for alleged fraud. Apart from lawmakers, the bill is also supported by some prominent Nigerians including the Minister of Sports, Solomon Dalung, who also asked Mr. Buhari to sign to it. The News Agency of Nigeria reports that the Katsina emir made a similar call on the president on Thursda...

AKEREDOLU, KEKEMEKE AND OTHERS BID MRS FAGUNWA GOODBYE

CBN Says It Can’t Reverse The Ban On ATM Card Use Abroad

The decision of Deposit Money Banks, DMBs, to place a restriction on the use of ATM cards abroad by bank customers is due to scarcity of foreign exchange, the CBN has said.The CBN said although it sympathizes with Nigerians for the sufferings they are experiencing in carrying out transactions abroad, it can't reverse the decision of DMBs and the CBN is in support of it as it would assist in reducing the pressure on the Naira.The Director, Monetary Policy Department, CBN, Mr. Moses Tule, explained that the restriction might continue until Nigeria could increase its foreign exchange earnings. He said if banks had not taken the decision to restrict the use of the ATM cards abroad, some of them would current be experiencing challenges meeting the overseas demand of their customers.May GOD help Us.. AMEN!!!

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