Two businessmen were on Wednesday in Lagos arraigned for allegedly defrauding the United Bank for Africa to the tune of N47 million with forged Certificate of Occupancy.
The accused -- Moses Olajide, 25, and Olusola Adepoju, 35 – are facing a two-count charge of conspiracy and forgery at an Igbosere Chief Magistrate’s Court.
The accused, however, pleaded not guilty to the charge.
But the prosecutor, Insp. Aderemi Olajuwon insisted that the men committed the offence with others still at large, sometime in June 2007 at Owode, Ajegunle, a Lagos suburb.
According to him, the accused used the forged document to obtained N47 million credit facility from UBA.
Olajuwon said the offence contravened Sections 419 and 516 of the Criminal Code, Laws of Lagos State, 2006.
The Chief Magistrate, O.I. Akinkugbe granted them bail in the sum of N100,000 with two sureties in like sum each and adjourned the case till Nov. 2 for further hearing.
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