Adamawa business manager remanded for allegedly diverting company funds

A man in Adamawa State, Bashar Hamza of Yola North Local Government Area, is facing justice for allegedly diverting money from a company he worked for.

According to details on the matter, it is double pain for Hamza because he failed in the business that consumed the diverted funds.

The Chief Magistrate Court 2, presided over by Magistrate Dorcas Mavah, ordered Hamza's remand when he was arraigned before her.

Hamza who was a manager at BM Yelwa in Jimeta, Yola North LGA, was remanded at the Yolde Pate Correctional Facility on a charge of criminal conspiracy and theft.

DAILY POST gathered Wednesday evening that Hamza who resides at the Old Market area of Jimeta allegedly diverted huge sums of money from BM Yelwa, sold some of his personal property and came up with N109 million which he invested in a cryptocurrency business.

Before now, the defendant reportedly ventured into cryptocurrency trading and earlier made a N30 million profit, which gingered him to steal the money from his office and to sell valuable assets to raise the fund that he put in the failed business.

Adamawa business manager remanded for allegedly diverting company funds