Businessman, Abubakar Mubi bags 6-months in jail for fraud

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The Economic and Financial Crimes Commission (EFCC) Gombe zonal office has secured the conviction of Muhammad Abubakar Mubi (MD of A.M. Global Energy) to six months imprisonment before Justice M. J.  Umar of the Federal High Court, Gombe on one count charge bordering on Obtaining Money by False Pretence.

 

Mubi, the managing director of A. M. Global Energy Limited with offices in Lagos and Kaduna was arrested sometime in 2012 following a complaint by one Bello Muhammad Malala of Ashaka Cement Gombe, alleging that in 2009, one Hassan Zankan introduced him to the convict who offered to supply him with  20 trailer load of Low Pour Fuel Oil (LPFO) at the rate of N62 per litre, totaling  N23.5m.

: MD of A.M. Global Energy Limited, Abubakar Mubi, arrested in 2012 for N23.5m fraud today pleaded guilty & was sentenced to 6months in prison by Justice Umar of Fed High Court, Gombe. He deceived his client that he could supply 20 trailer-load of LPFO at N62/lit.

Up till the time he submitted his complaint no product was supplied, while all efforts to recover his money were futile.  The count read, “That you Muhammed Mubi between 28th April, 2010 and 1st June, 2010 at Gombe, Gombe State within the Federal High Court of Gombe Judicial Division did fraudulently convert the sum of Seventeen Million Seven Hundred Thousand Naira belonging to one Bello Muhammad Malala by posing as a person capable of selling Low Pour Fuel Oil  (LPFO) to your own use, thereby committed an offence contrary to and punishable under Section 383 (1) and 390 of the Criminal Code Act”.

 

Mubi pleaded guilty to the charge.  Consequently, the prosecution counsel O. Israel urged the court to convict him and sentence him accordingly.  In his judgment, Justice Umar convicted and sentenced him to six months imprisonment without any option of fine.

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