Businessman Buba Remanded for N790M Fraud at Alaba Market
Mohammed Bello Abubakar, also known as Buba, has been remanded to the custody of the Ikoyi Correctional Centre by Justice Ibrahim Kala of the Federal High Court in Lagos. This decision follows Abubakar's arraignment on a three-count charge that includes conspiracy, obtaining money by false pretence, and unlawful conversion of funds.
The charges stem from an alleged fraud involving the purported sale of 18 shops at Alaba International Market in Ojo, amounting to N790 million. The police prosecutor, Morufu Animashaun, informed the court that Abubakar, alongside Alhaji Musa Lawal—who is currently at large—conspired to defraud Casco Electronic Company Limited between June 2025 and March 2026.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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