ADVERTISEMENT

Bureau de change operator faces N22.6m fraud charge

A bureau de change operator has been charged with obtaining funds under false pretence.

A bureau de change operator counts U.S. currency notes in Abuja, March 12, 2015.  REUTERS/Afolabi Sotunde/File Photo

The Chief Magistrate, Mrs A. F. Adeeyo, who gave the ruling, said the accused should produce two sureties in like sum, with one of them being a blood relation who must not be self-employed.

Ajayi, whose address is unknown, had pleaded not guilty to a three-count charge of obtaining by false pretence, forgery and stealing.

Earlier, the prosecutor, Sgt. Ibijoke Akinpelu, told the court that the accused defrauded two persons of the sum of N22.6 million on the pretext of converting the amount to U.S dollars.

ADVERTISEMENT

Akinpelu said that Ajayi fraudulently obtained the sum of N4.1 million from one Seindemi Olabayo and N18.5 million from one Oluwafemi Oladehinde, assuring them that the money would be converted to U.S dollars.

She said that the accused also backed up his fraudulent act by forging an FCMB bank statement of account.

Akinpelu said that the offences contravened Sections 287, 315 and 365 of the Criminal Law of Lagos State, 2011.

The case was adjourned till April 6 for mention.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here are 20 Nigerian songs that enjoyed huge international success [Afrobeats Throwback]

Here are 20 Nigerian songs that enjoyed huge international success [Afrobeats Throwback]

Angry youths set INEC office ablaze in Benue over bandit attacks

Angry youths set INEC office ablaze in Benue over bandit attacks

Tinubu will inaugurate 1000-km Sokoto-Badagry coastal highway in August

Tinubu will inaugurate 1000-km Sokoto-Badagry coastal highway in August

Navigating the World of Online Forex Trading: A guide for beginners

Navigating the World of Online Forex Trading: A guide for beginners

'The best I ever made': Wizkid says on upcoming album 'Morayo'

'The best I ever made': Wizkid says on upcoming album 'Morayo'

NDLEA mandates drug tests for couples before marriage to curb drug abuse

NDLEA mandates drug tests for couples before marriage to curb drug abuse

Electrician caught with scissors, torchlight to vandalise Eko cable denies crime

Electrician caught with scissors, torchlight to vandalise Eko cable denies crime

Businesswoman beats palm oil seller for demanding ₦1.2m debt

Businesswoman beats palm oil seller for demanding ₦1.2m debt

See first-look images of 'Broken Portrait' with Teni Aladese, Ngozi Nwosu, Taye Arimoro

See first-look images of 'Broken Portrait' with Teni Aladese, Ngozi Nwosu, Taye Arimoro

ADVERTISEMENT
ADVERTISEMENT