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Wednesday, November 3, 2010

Businessman in court over N1m fraud

A businessman, Abiodun Afolabi, was on Tuesday arraigned at a Yaba Chief Magistrate’s Court for allegedly obtaining N1.1 million under pretext.

Afolabi, 37, is facing a four-count charge of conspiracy, fraud, obtaining money under false pretence and stealing, before Chief Magistrate Akintunde Isaac.

The prosecutor, Okorie Okoronkwo, said the accused with others at large on Sept. 15 at Ikeja collected the money from one Kikelomo Adejonwo with the pretext of supplying her some goods.

He said the accused also issued a First Bank cheque No 73574326 for the sum of N500,000 to the complainant which was dishonoured for lack of sufficient fund.

Okoronkwo said the offence contravened Sections 390(9), 416, 419, 516, of the Criminal Code, Laws of Lagos State, 2003, and Dishonored Cheque Act, Laws of the Federation.

The accused pleaded not guilty to the charge.

Isaac granted the accused bail in the sum of N200,000 with two sureties in like sum.

He adjourned the case till Nov. 24, for further hearing.

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