The EFCC, Kaduna Zonal Office has arrested a serial fraudster, Hon Theophilus Madami, Councillor representing Kakuri Hausa, Ward, Kaduna South Local Government in Kaduna State.
Madami was arrested for alledged criminal breach of trust and misappropriation of funds to the tune of N11,080,000 (Eleven Million and Eighty Thousand Naira) only.
According to a statement by the commission, the arrest came as a result of a petition written by Ibrahim Ringim Haruna the Chief Executive Officer, CEO of Pyramid Supplied Services Limited, a retail service and supply company which supplied various brands of PASTA FOODS PRODUCTS.
The suspect, allegedly approached Ibrahim, a distributor of pasta products, with claims that his council needed pasta products for distribution to its citizens.
Consequently, the company, sometime in November, 2018, supplied products worth sixteen million, eighty thousand naira only (N16, 080,000) to the suspect who paid a deposit of N5m, leaving a balance of N11.080,000.00.
After delivery of the goods, he diverted the proceeds his personal use and refused to pay the balance as agreed.
The commission however disclosed that the suspect will be charged to court as soon as investigation is concluded.