Trader, 50, arraigned over alleged N5 million fraud
A 50-year-old trader, Mathew Adetunji, on Tuesday arraigned in an Iyaganku Chief Magistrates’ Court, Ibadan, Oyo State, for allegedly defrauding a colleague of N5 million.
Adetunji, whose address was not provided, is facing a two-count charge of fraud and stealing, to which he pleaded not guilty.
The Prosecutor, Cpl Akeem Akinloye, told the court that the defendant committed the offences in March 2018, at Oke Padi, Ibadan.
Mr Akinloye said that the defendant collected the N5 million from the complainant, Sunday Ojukwu to help him procure industrial wires and cables, which he failed to buy.
He said that the defendant converted the N5 million to his personal use.
Mr Akinloye said that the complainant reported the case to the police, and the defendant was recently arrested.
He said the offences contravened Section 419(A) and 390 (9) of the Criminal Law of Oyo State, 2004.
The Chief Magistrate, Olabisi Ogunkanmi, granted the defendant bail in the sum of N1 million with two sureties in like sum.
Ogunkanmi said one of the sureties must be related to the defendant.
She adjourned the case until August 19, for mention.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
Tinubu upgrades Nasarawa poly to university
Mr Onanuga said the approval followed a proposal by Senator Ahmed Aliyu, who represents the Nasarawa West Senatorial District.
Lagos
Lagos govt signs agreement to automate vehicle registration
Mr Osiyemi said the initiative would simplify and speed up vehicle registration by eliminating cumbersome processes.
States
Three rescued, one body recovered as building collapses in Kano
The Kano State Fire Service has said that one person died and three others were rescued after a building under construction collapsed
NationWide
FG calls for stronger African collaboration to combat illicit wealth, transnational corruption
Mr Fagbemi added that the recovery and transparent management of proceeds of crime remained a key pillar of the country’s anti-corruption policy.
Heading 2
FG reiterates commitment to ensuring safe return of Nigerians from South Africa
“The last evacuation flight, which is expected to bring home approximately 300 of our nationals, is expected to arrive in Nigeria next week,” Mr Ebienfa said.
Education
Nasarawa private schools halt academic activities over multiple taxation
They said the taxes amount to hundreds of thousands of naira annually.
