For allegedly duping three businesswomen of N6.4 million, a self-acclaimed petroleum products dealer, Olanrewaju Adebayo, was on Tuesday arraigned before a Yaba Chief Magistrates’ Court.
Adebayo, 29, pleaded not guilty to a four-count charge of conspiracy, fraud, unlawful obtainment and stealing.
The prosecutor, DSP Okoronkwo Okorie, however, submitted that the accused had a case to answer.
He told the court that Adebayo conspired with others still at large to collect the money from the complainants under the pretext of supplying them 43,000 litres of diesel.
Okorie said the accused also collected N2 million from Gloria Emmanuel to supply her an undisclosed quantity of diesel.
He said the offence which was committed between April and August 2010 at Oregun, Ikeja, contravened Sections 350, 390 (9), 419 and 516 of the Criminal Code, Laws of Lagos State.
The Chief Magistrate, Akintunde Isaacs, granted the accused bail in the sum of N500,000 each, with two sureties in like sum, and adjourned the case till Aug. 28 for further hearing.
The accused, if convicted, risk seven years in prison.
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