The Economic and Financial Crimes Commission [EFCC], on Friday October 25, 2019, arraigned one developer, Mr. Joseph Idakho alongside his company, Zamtrac Management and City Investment Limited.
Idakho was arraigned before Justice D. Z. Senchi of the Federal Capital Territory, FCT, High Court, Jabi, Abuja, for alleged conspiracy, forgery and criminal breach of trust.
He allegedly defrauded one Hajiya Halima Babangida in a real estate development transaction that went awry.
Babangida alleged in a petition to the EFCC that she entered into an agreement with the defendant’s company for development of six units of detached houses of five bedrooms each, including boys quarters, at Plot, 2398 AO6, Cadastral Zone, Maitama District, Abuja.
Her contribution to the project will be her land, while the defendant was to bear other cost of development.
She claims that they had agreed to share the property equally at the end of development.
However, she discovered, to her chagrin, that the defendant commenced sale of the property even before completion without her knowledge or approval.
Babangida dragged Idakho to EFCC which led to his arrest and arraignment before a law court.