March 7, 2018

A businessman, Taiwo Adebayo, on Wednesday appeared before an Ikeja Chief Magistrates’ Court over alleged N2.2 million fraud.

Adedayo, whose address is unknown, is standing trial on a two-count-charge of fraud and stealing.

The accused, however, pleaded not guilty to the charge.

But the Prosecutor, Insp. Benson Emuerhi, insisted that the accused obtained N2.2 million from the complainant, Mr Richard Mgbachi, under the pretext of supplying tons of charcoal to him.

“The accused collected the money from the complainant and absconded and could not be reached on his mobile phone.

“All efforts made by the complainant for the accused to refund were unsuccessful.”

According to him, the accused committed the offences on June 5, 2017 at 10. 00 a.m. in Ikeja.

The offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015.

The News Agency of Nigeria (NAN) reports that Section 287 provides a three-year jail term for offenders.

Chief Magistrate B.O. Osunsanmi granted the accused a bail of N300, 000 with two sureties in like sum.

Osunsanmi said the sureties must be gainfully employed with an evidence of two years tax payment to the Lagos State Government.

She adjourned the case until June 28.