Businessman, 40, docked over alleged N4.3m fraud

A businessman, Akinwumiju Abayomi, 40, was on Monday brought before a Yaba Magistrates’ in Lagos allegedly defrauding a of N4.3 million on the pretext of supplying him logs of wood.

Abayomi, a resident of Yaba area of Lagos, is facing a three-count charge of conspiracy, theft and obtaining by false pretences.

The Prosecutor, SP Idowu Osungbure, told the that the defendant committed the offences sometime in Jan. , the jurisdiction of the .

He said that the defendant collected a total of N4.3 million from the complainant, Mr Afam Jude, as payment transport logs of wood him from Taraba, so that he would export it Vietnam.

According him, the defendant made away with the complainant’s money and refused supply the wood after giving so many excuses.

Osungbure said that the complainant made the report at the police station after suspecting that the defendant had defrauded him.

The prosecutor said the offences contravened Sections 314 (3), 287 and 411 of the Criminal Laws of Lagos State, 2015 (Revised).

The News Agency of Nigeria (NAN) reports that Section 314 is punishable by 15 years imprisonment obtaining by false pretences 287 stipulates three years imprisonment the offence of theft.

He, however, pleaded not guilty the charge.

The Chief , Mrs Adeola Adedayo, admitted the defendant to bail in the sum of N500, 000 with two sureties in like sum.

She further directed that both sureties must be residing the court’s jurisdiction and be gainfully employed with evidence of three years tax payment to the Lagos State Government.

Adedayo instructed the defendant to deposit her international passport with the court and the prosecutor to swear an affidavit of verification.

She adjourned the case until April 12 for mention. (NAN)