Friday, April 19, 2024

Police nab man for defrauding traders of N1.7 million 

The prosecutor added that the accused was arraigned on July 10, 2012, by the EFCC for obtaining money from various investors.

• September 14, 2022
Gavel
Gavel used to illustrate the story

A 44-year-old man, Benjamin Bright, was on Wednesday docked in an Ikorodu Magistrates’ Court in Lagos for obtaining N1.7 million from two traders under false pretences.

Mr Bright was charged with four counts of fraud, obtaining under false pretence and stealing.

The defendant, however, pleaded not guilty to the charge.

The prosecutor, Christian Okonofua, told the court that the defendant committed the offence sometime around March to June 2021 in Ogolonto and Aga in Ikorodu, Lagos.

Mr Okonofua said the defendant fraudulently obtained N1,169,700 from Osashushua Abiola and N561,100 from Samson Olumide.

The prosecutor explained that the defendant also fraudulently obtained money from not less than 215 traders on the pretence that he would use the money for investment to grant them a loan knowing that was false.

He said the complainant reported the matter to the police, and the defendant was arrested.

The prosecutor added that the accused was arraigned on July 10, 2012, by the EFCC for obtaining money from various investors whom he deceived by making them believe that the money would be invested in his purported companies.

He also revealed that Justice Oluwatoyin Ipaye of the Ikeja Division of the Lagos High Court had convicted and sentenced the defendant to 63 years’ imprisonment without the option of a fine.

According to the prosecutor, the offence contravened sections 314(3), 287(1), 314(1)(2) and 287(1) of the Criminal Laws of Lagos State, 2015.

The magistrate, T.A. Shotobi, granted the defendant bail of N1 million with two sureties in like sum.

Ms Shotobi said the sureties must have three years’ evidence of tax payment. One of the sureties must be a clergy, community development chairman, head of his family or notable politician with a verifiable address.

The magistrate adjourned the case until September 29 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

Katsina State

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.”

Yahaya Bello

Anti-Corruption

N80 Billion Fraud: Nigerian immigration issues nationwide red alert for officers to nab Yahaya Bello

He refused to surrender himself for arrest on Wednesday when anti-graft operatives besieged his Abuja residence.

NCDC

Health

Mysterious illness claims eight lives in Sokoto

The incident occurred at Sabon Birni and Isa Local Government Areas of the state.

Mohamed Salah and Jeremie Frimpong

Hot news Home top

Liverpool knocked out of Europa League by Atalanta; Bayer Leverkusen tango Roma in semifinals

Atalanta’s wonderful performance over the two legs ensured the Italian side reached the semifinals of the Europa League on a 3-1 aggregate scoreline.

A COMPOSITE PHOTO OF EEDC, Gov Mbah and NERC

Heading 5

Enugu govt. cautions NERC, EEDC against overcharging electricity consumers

I urge NERC not to derail on the steady and quality power supply according to the band classifications.”

Nigerian Electricity Regulatory Commission (NERC)

Uncategorized

N3.2 trillion subsidy needed to reverse electricity tariff hike: FG

He added that as a result of the non-payment of subsidy, gas supply and power generation had continued to dip.

Heading 4

Google sacks 28 employees for protesting consulting contract with Israel

The company further noted that the demonstrations were staged “by a group of organisations and people who largely don’t work at Google.”