Pharmacist lands in prison over registration fraud

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Cyriacus Izuekwe

A 40-year-old pharmacist has been arrested and charged to court for allegedly defrauding a company in Lagos state, western Nigeria.
The suspect, Lazarus Akagbusi, allegedly made a false claim that he was a superintendent pharmacist and collected about N500,000 from a company, Rem. G Pharmaceutical Company, under false pretence of registering the company to obtain license to manufacture drugs.
P.M. NEWS gathered that instead of procuring the license as agreed, he used part of the money to pay his house rent.
When the company asked him to refund the money since he was unable to obtain the license, he said he had no money to refund.
The matter was reported to the police and he was arrested and taken to the station.
Akagbusi informed the police that he collected the money but was unable to secure license for the company because he used the money for other purposes.
After investigation, he was charged to Magistrates’ court sitting in Ejigbo, Lagos, with obtaining under false pretence and stealing.
He pleaded not guilty to the charge and the presiding Magistrate, Mr Peter Nwaka, granted him bail in the sum of N100,000 with two sureties in like sum.
The matter was adjourned till 27 July, 2015.
He was remanded in prison custody at Kirikiri pending when he will fulfill his bail condition. …Read More

Source:: PM Newspaper