Mohammed Buhari adopted son of former president, General Muhammadu Buhari (rtd.), has been arrested by the Economic and Financial Crimes Commission for allegedly extorting N20 million under false pretenses.
Mohammed we gathered obtained the sum from one Mrs. Florence Nwokocha saying he would invest the money in an oil and gas business, promising generous returns and 30 percent annual interest on the sum.
The relationship between the two turned sour when Buhari reneged on the agreement to pay the 30 per cent annual interest on the N20m to the investor who was introduced to him by his accounts officer at ECO Bank.
It was learnt that once the money was transferred, Buhari cleaned out the account but never paid any interest to the woman.
Head of Media and Publicity of the EFCC, Mr. Wilson Uwujaren, confirmed the arrest but would not give any further details.