Man arraigned for allegedly defrauding businessman of N155m
A 48 years old man, Isiaka Asoju, was on Tuesday arraigned before a Yaba Chief Magistrates’ Court in Lagos, for allegedly defrauding a businessman, Mr Temitope Ayodele ,of N155 million.
The defendant was charged with obtaining the money from the complainant under false pretences.
Asaju is alleged to have collected the money from Ayodele under the pretext of selling a 15-acre land to him for the said amount but failed to deliver on his promise.
The Prosecutor, SP Ogbunike, said that the defendant had committed the offence sometime in July, at Ibeju Lekki.
He told the court that the defendant allegedly collected the sum of N155 million from the complainant, under the pretext that he would sell 15 acres of land to him.
He said that the alleged alleged offence contravened Section 314 of the Criminal Law of Lagos State, 2015.
The defendant, however, pleaded not guilty to the charge.
The Chief Magistrate, Miss Adeola Olatunbosun, granted the defendant bail in the sum of N20 million with three sureties each in the like sum.
She ordered that two of the sureties must be landed property owners.
The Judge adjourned the case until Oct. 4 for mention.
