The Economic and Financial Crimes Commission (EFCC) arraigned one Captain Nuhu Haruna before Justice Darius Khobo of the Kaduna State High Court on Wednesday, November 5, 2025, for alleged foreign exchange fraud totaling N1.02 billion.
The charge was announced by the Kaduna Zonal Directorate of the EFCC.
Haruna, who is the Managing Director of Maphutha Oil & Gas Limited, faced a two-count charge bordering on advance fee fraud and obtaining money under false pretence.
The funds were allegedly obtained from Alhaji Sheriff Zailani Shanono in two transactions, N782.3 million in December 2023 and N125 million in January 2024, by claiming he could provide the equivalent in United States Dollars.
The defendant pleaded “not guilty” to the charges.
Prosecution counsel M.E. Eimonye asked the court to set a trial date, while defence counsel M.T Mohammed informed the court of a pending bail application for his client.
The EFCC arrested Haruna following a petition from Shanono. The petitioner alleged he transferred a total of N1,020,000,000 to the defendant after Haruna claimed he could provide the dollar equivalent in two tranches of $600,000 and $400,000.
Shanono claimed that after the Naira transfer, Haruna provided him with evidence of the dollar payment into his foreign bank account.
“I only discovered that the payment evidence was not real as the money never dropped,” the petitioner stated.
Justice Khobo adjourned the case till November 19, 2025, for the hearing of the bail application. The Judge also ordered the defendant to be remanded in a Correctional Centre.
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