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Bureau de Change Operator Swindles Indian Businessman, Absconding with $737,000

Monday Yakubu by Monday Yakubu
April 24, 2024
in News
0

Abubakar Mannir, a BDC operator

Abubakar Mannir, a Bureau de Change (BDC) operator, has swindled Mr Manas Das, the Chief Executive Officer of Allkraft Technology and Industries Limited, for $737,015.00. 

Das, a Nigeria-based Indian, engaged Mannir, who operated under Emirates Booth Company, for the purchase of $900,000 under three agreements.

According to Abdulrahman Abubakar, the General Manager of Allkraft Technology and Industries Limited, 100% of the Naira equivalent of $900,000 was transferred to the Zenith Bank account of Emirates Booth. However, Mannir allegedly only paid $162,985 through Emirates Booth and absconded without settling the balance.

Abubakar stated, “The contracts were supposed to be fulfilled in November 2023, but the Emirates Booth owned by Mr. Mannir cited a delay and finally agreed to make the transfers from January 15, 2024, to January 19, 2024.”

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He further explained, “Mr. Mannir was scheduled to meet with members of staff of both companies on January 14, 2024, for a dinner meeting to discuss and ensure that payments were made the next day.”

However, Mannir failed to attend the meeting, and subsequent attempts to contact him were unsuccessful. Abubakar recounted, “The next day, after contacting the Emirates Booth office, including its managers and assistants, it was suspected that something was wrong.”

Efforts to locate Mannir proved fruitless, leading Allkraft Technology and Industries Limited to report the case to the Police. Despite extensive follow-ups, Mannir remained elusive, reportedly fleeing to Niger.

Abubakar lamented, “The victim has been pushed into deep financial trouble and he is now trying to borrow money to survive and pay salaries to the staff and laborers who used to work in the company.”

Mannir’s whereabouts remain unknown, with his mobile lines unreachable. His younger brother, Abubakar Imam, expressed uncertainty about Mannir’s location, stating, “I don’t know his current location, so I can’t say exactly where he is.”

It was discovered that Mannir had previously been released from prison over another fraud case involving Zenith Bank. Kano State Police Public Relations Officer, SP Abdullahi Haruna Kiyawa, confirmed the investigation into the matter.

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