Businessman Remanded Over Alleged N600m Fraud

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Paul Iyoghojie

A businessman, Babatunde Ayantunji, 48, has been arrested and arraigned before a Lagos Magistrate Court for allegedly conniving with others still at large to obtain the sum of USD2m from the complainant, Abubakar Mukaila with the promise to exchange the money for him in Naira equivalent of N600m, but instead allegedly converted the money to his use.

Police alleged that the accused was arrested on the order of the Assistant Inspector General of Police, AIG in charge of Zone 2 Command, Onikan Lagos, Adamu Ibrahim following a petition by Abubakar Mukaila.

The accused was charged before an Igbosere Magistrate Court, Lagos on a three-count charge of felony to wit. obtaining money under false pretence and stealing.

Police Prosecutor, Abbass Abayomi informed the Court in charge No C/80/2017 that the accused and others still at large committed the alleged offence…

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