A wealthy businessman in Minna, the Niger State capital, Alhaji Nuhu Ibrahim, has allegedly  lost $800,000 about N120 million to a ‘money doubler’, Mallam Yahaya Muhammed.

Consequently, Alhaji Nuhu has dragged the 25-year old accused before Magistrate’s Court III in Minna.

According to police first report before the court presented by procecuting police officer, Sa’idu Aliyu, the ‘money doubler’ was allegedly contracted by Alhaji Nuhu to double his 800,000 U.S dollars and in the process, the suspect allegedly converted it to his personal use.

The police officer told the court that the suspect was arrested in Minna while allegedly trying to dupe another person in the state capital.

Items recovered from the suspect include 100,000 dollars suspected to be fake and charms.

The police requested that the acused be remanded in prison as investigation is still going on.

However, Mallam Muhammed pleaded not guilty. The presiding magistrate, Nasiru Mu’azu ordered that the suspect be remanded in prison and urged the police to speed up their investigations He adjourned the case till 3 November 2010.

—Aliyu Musa/Minna