Lagos businessman remanded over alleged N130 million fraud
A businessman, Ifeanyichukwu Onuegbu, on Wednesday appeared before a Federal High Court in Lagos for allegedly obtaining the sum of N130 million from a complainant under false pretences.
Onuegbu is standing trial before Justice Yellin Bogoro alongside his company, Southeast Edibles and Spices Ltd.
The defendants were charged by the Police Special Fraud Unit (SFU) on a four-count charge of conspiracy, obtaining money under false pretences, fraudulent diversion and conversion.
Onuegbu, who also represented his company, pleaded not guilty to the charges.
The prosecutor, M.Y Bello, alleged that the Onuegbu conspired with others now at large, to commit the offences on August 28, 2024.
He alleged that Onuegbu obtained the sum of N130 million from the complainant, Cletus Chukwu, through his company’s account, on the pretex of investing the money, promising mouth-watering returns.
The prosecutor alleged that the representation was false as the defendant and his cohorts converted the money to their personal uses.
He said that the offences contravened Sections 1(3)(a), 8(a), 18(2)(b), and 18(3) of the Advanced Fee Fraud and Other Fraud Related Offences Act, 2006.
Following application for bail by the defence counsel, Mr M. C. Ike, the judge adjourned the case until May 7, for ruling.
She ordered a remand of the defendant at the correctional centre pending bail.
(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.”
Hot news Home top
Group writes INEC, requests names of senior officials allocated land in Abuja
The group demanded clarification on whether the officials declared such allocations in line with public service rules and asset declaration requirements.
World
Trump, Xi consider tariff cuts on $30 billion worth of goods
The contours of the tariff cut plan remain sketchy.
States
Man, 23, arraigned over alleged possession of hemp
The defendant pleaded not guilty to the charges.
Heading 5
Police storm Ondo bush, nab 24 suspected cultists during initiation
Mr Jimoh reiterated the command’s zero tolerance to cultism and all forms of violent crimes in the state.
States
Police arraign two Ekiti sales girls over alleged theft
The magistrate adjourned the case until July 13 for hearing.
Heading 2
U.S. slams visa restrictions on South Sudan officials over peace violations
The US Secretary of State Marco Rubio said the restrictions were imposed under Section 212(a)(3)(C) of the Immigration and Nationality Act.
