Businessman docked for allegedly defrauding prospective landowner of N12 million.

The police in Lagos has arraigned a self professed businessman, Odo Chukwuma, at an Ikeja Magistrate’s Court for alleged fraud involving N12 million.

Chukwuma, is facing a six-count-charge of fraud, firearms possession and serial issuance of dud cheques, before Magistrate,O.A. Adedayo.

Prosecutor, Inspector Chris Takim, told the court that Chukwuma obtained N12,050,000 from one Vitalis Udeagbala with the pretext of selling to him 50 plots of land at Ibeju-Lekki, Lagos.

Takim said the accused claimed that he was the owner of the property but stole the said amount meant for the purchase of the property and was unable to release the vital documents for the said plots of land.

He told the court that the police also found the accused in illegal possession of one pump action gun with 18 rounds of live cartridges.

Chukwuma pleaded not guilty to the charges and was granted bail in the sum of N10 million with two sureties in like sum.

Adedayo adjourned the case till Aug. 11, for further hearing.