The accused pleaded not guilty to the two-count charge of stealing and obtaining by false pretences.
Egbu, who pleaded not guilty to the two-count charge of stealing and obtaining by false pretences, resides at Ojo area of Lagos.
The prosecutor, Insp Uche Simon, told the court that the accused committed the offences on July 27 along Abule Ado, Ojo.
Simon said that the accused fraudulently obtained N200,000 from the complainant on the pretext of supplying Aluminum windows to him.
The prosecutor said that Egbu, who had no intention of supplying windows to the complainant, converted the money to his own personal use.
“The complainant said that when they did not get the Aluminum windows from the accused, he demanded a refund of his money.
“The complainant said that when he asked the accused for a refund, he started coming up with different excuses for not paying him.
“When Iyke got tired of Egbu’s excuses, he reported the matter to the police and the accused was immediately arrested,’’ Simon said.
The prosecutor said that the offences committed contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.
The News Agency of Nigeria (NAN) reports that Section 312 prescribes 15-year jail term for obtaining by false pretences.
The magistrate, Mr A.A. Paul, granted the accused bail in the sum of N50,000 with one surety in like sum.
He said the surety must be gainfully employed and also show evidence of two years’ tax payment to the Lagos State Government.
Paul adjourned the case till Dec. 20 for trial.