Bizman held over N4.2m fraud

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Paul Iyoghojie

Operatives of the Zone 2 Command, Onikan, Lagos, Western Nigeria have arraigned a businessman, Olajide Tope Oluwatuyi, 39, before a Lagos State magistrate’s court for allegedly obtaining the sum of N4,230,000 from Emmanuel Fadiya under false pretence.
The accused, a residence of Oko Oba area of Lagos works with Sebof Global Procurement Ltd.. He was arraigned on a two count charge of felony, to wit: stealing.
The police prosecutor, Inspector Ibrahim Haruna, informed the court in charge No. O/15/2015 that the accused, a director with Sebof Global Procurement Limited, committed the offence in months of August and October, 2013 at Ikorodu road, Maryland, Lagos.
Haruna told the court that the accused collected the sum of N4,230,000 from the complainant on the pretext of helping him invest the money in a business with the promise to bay back within one month, but he failed to pay back as promised. When efforts by the complainant to retrieve his money from the
accused proved futile; he reported the matter to the police.
Haruna said the offences the accused committed are punishable under section 312 and 285 of the criminal laws of Lagos State, 2011. The accused, however, pleaded not guilty to the charge and magistrate Mrs. J. O. A. Adepoju admitted him on bail in the sum of N500,000 with two sureties in like sum. She adjourned the case to 16 July, 2015 for mention and the defendant was taken to Ikoyi prison, Lagos pending when he will fulfill his bail conditions. …Read More

Source:: PM Newspaper