Three Kano-based men, Basira Ibrahim Dantata; his brother, Gaji; and an associate, Lawan Sanni, were on Wednesday arraigned before a Federal High Court over allegations of fraud and extortion of the public of over N2 billion.
They were arraigned before Justice A. I Chikere of Federal High Court 3, Abuja for allegedly defrauding about 7,250 people by convincing them to subscribe and invest in an unregistered investment scheme between 2018 and 2019.In the charge read during the arraignment, the court said by their acts, the accused persons committed an offence contrary to Section 54 of the Investments and Securities Act 2007, which is punishable under the same section.