General Buhari’s Son arrested by EFCC over Alleged N20m Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested one Mohammed Buhari, said to be an adopted son of a former military Head of State and chieftain of the All Progressives Congress, APC, General Mohammadu Buhari over an alleged N20m fraud.
According to a report by Sahara Reporters, Buhari was arrested over a "transaction that has the trappings of voodoo investment scheme".
He allegedly obtained N20 million from one Mrs Florence Nwokocha, with the aim of investing in a lucrative oil and gas business with promises of mouth watery returns to the investor.
According to the report, Buhari was allegedly introduced to the lady by his account officer at Ecobank Plc and he agreed to pay 30 percent annual interest on the sum to Nwokocha.
It was learnt that once the money was transferred, Buhari withdrew all the money but never fulfilled his agreement of paying any interest to the woman.
Sources at the EFCC informs that the suspect claims he ran into trouble after he lost the bank guarantee, which he secured from another new generation bank.
According to sources, Buhari claimed that the bank voided the guarantee on the ground that the branch of the bank that processed it was not competent to do so.
Buhari is still in the custody of the anti-graft agency as investigations in the case continue.