Businessman faces N1.5m fraud charge

The accused is facing a two-count charge of stealing and obtaining by false pretence.

Gavel

The Magistrate, Mr A.A. Paul, in his ruling, ordered the defendant to also provide two sureties, as part of the bail conditions.

He said that the sureties must be gainfully employed and also show evidence of two years’ tax payment to the Lagos State Government

Ikeoha, a resident of the Ojo area of Lagos, is facing a two-count charge of stealing and obtaining by false pretence.

The prosecutor, Insp. Uche Simon, told the court that the defendant committed the offences on Sept. 23, at Aspamda Market, Trade Fair Complex, Lagos.

Simon alleged that the defendant fraudulently obtained N1.5 million from Umar Sanda, under the pretext of paying him back in Pounds Sterling.

He added that the defendant promised to give him £3,100 on the same day, but Ikeoha failed to keep to his promise.

The prosecutor said that when the complainant went to  Ikeoha’s shop to ask for his money, he discovered that the defendant  had locked up his shop and bolted with the money.

Simon said that all efforts to reach the defendant on phone proved abortive.

According to him, the complainant reported the case to the police, and the defendant was traced to his house and apprehended.

The prosecutor said the offences contravened the provisions of Sections 285, 312 and 409 of the Criminal Law of Lagos State, 2011.

Section 285 prescribes three years imprisonment for stealing, while Section 409 stipulates two years imprisonment for conspiracy, if convicted.

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

Paul, however, adjourned the case till Dec. 12, for mention.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Top 10 African countries with the highest corporate tax rates

Top 10 African countries with the highest corporate tax rates

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

The metaverse could contribute $40 billion to sub-Saharan Africa’s economy in its first decade, according to a new report

The metaverse could contribute $40 billion to sub-Saharan Africa’s economy in its first decade, according to a new report

What to do when someone says they want s*x without commitment

What to do when someone says they want s*x without commitment

Beer Barn says deployed policemen couldn’t save David Imoh from mob

Beer Barn says deployed policemen couldn’t save David Imoh from mob

Sperm colour: Here's why your semen colour changes and what it means

Sperm colour: Here's why your semen colour changes and what it means

For men only: Seven natural ways to last longer in bed

For men only: Seven natural ways to last longer in bed

Court throws out Nnamdi Kanu’s bail application

Court throws out Nnamdi Kanu’s bail application