A 24-year-old Point of Sale (PoS) machine operator, Shamsudeen Ishiaka, on Friday appeared before the Ogudu Magistrates’ Court over alleged N17 million fraud.

Mr Ishiaka, whose house address was not provided, is facing a two-count charge of fraud and stealing, to which he pleaded not guilty.

The prosecutor, Insp Bassey Sunday, told the court that the defendant committed the offences in November 2024 at Mile 12 Market, Ketu, Lagos.

Mr Sunday alleged that the defendant collected the N17 million from five colleagues on separate days.

He said the complainants made transfers to the defendant in exchange for cash, which he failed to give them.

Mr Sunday alleged that Oluwakemi Dada transferred N7 million, Nuhu Hassan N4 million, Ahmed Didat N2.7 million, David Chibuzor N1.8 million, and Dare Oyegoke N1.5 million.

He said the defendant absconded with the money until the police trailed and arrested him.

Mr Sunday said the offences contravened section 287 of the Criminal Law of Lagos State, 2015.

The magistrate, O.A Daodu, granted the defendant N1 million bail with two sureties in like sum and adjourned the case until April 15 for mention.

(NAN)