Man, 51, faces N85 million fraud charge
A 51-year-old man, John-Kennedy Otagada, who allegedly defrauded Gidi Credit Ltd., N85 million, appeared before an Ikeja Magistrates’ Court on Wednesday.
Otagada is facing a two-count charge of stealing and fraud.
The prosecutor, Supol Josephine Ikhayere, told the court that the offences occurred on March 10, at about 10.00 a.m., at Ikeja within the Lagos Magisterial District.
She alleged that the defendant dishonestly stole N85 million, the property of Gidi Credit Ltd.
The prosecutor also said Otagada obtained the amount from the company under the false pretence of securing credit for himself, a representation he allegedly knew to be false.
According to her, the offences contravene Sections 287 and 314 of the Criminal Law of Lagos State, 2015.
The defendant, however, pleaded not guilty to the charges preferred against him.
Following his plea, the Magistrate, L.A. Owolabi, granted him bail in the sum of N3 million with two sureties in like sum.
The magistrate ordered that the sureties be gainfully employed and provide verifiable addresses within the court’s jurisdiction.
He adjourned the case until March 26 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.”
NationWide
Speaker Abbas hails Shettima’s re-nomination as Tinubu’s running mate in 2027
Mr Tajudeen said the vice president had remained dependable since assuming office.
NationWide
Harmonisation reforms will promote pension equity, restore confidence: PTAD
PTAD manages pensions under the old Federal Government pension arrangement.
NationWide
Mixed reactions trail FG’s N50,000 approval for WAEC, NECO exam fee
Ms Ogunkoya urged the government to balance cost recovery with citizens’ access to essential public services.
Hot news Home top
Man arrested for allegedly beating wife to death over food in Nasarawa
The police spokesman added that the suspect expressed remorse over the incident.
Heading 5
Seven die in Bauchi-Maiduguri road crash
The police spokesperson said an investigation had commenced to determine the immediate and remote causes of the accident.
World
FBI offers $50,000 reward for information on fugitive wanted for violent crimes
A federal arrest warrant was issued for Mr Singh in the United States District Court, Central District of California, Los Angeles, California on July 1.
