, Influential Investment Limited, before Justice Fadawu Umar of the Borno State high court, Maiduguri for N30 million fraud.
Idris and his company were arraigned on April 15, 2019 on a two-count charge, bordering on conspiracy and diversion of funds to the tune of N30 million. Idris’ journey to prison started when the EFCC received a petition against him and his company, alleging a criminal diversion of funds to the tune of N30, 000,000.00 .
Count one of the charges reads: “That you, Usman Ibrahim Idris, being a Managing Director and alter ego of Influential Investment Company Limited, a company registered in Nigeria, sometime between 6th May and 6th October, 2015 at Maiduguri, Borno State within the jurisdiction of this honourable court, did dishonestly misappropriate the sum of N15,000,000.
At the resumed hearing on Thursday, the prosecution substituted the initial two-count charge with an amended three-count charge, dated and filed on July 17, 2019 to which Idris and Influential Investment Company Limited pleaded guilty to all.Justice Umar likewise, convicted both defendants as charged and adjourned the matter to July 19, 2019 for sentencing.