4 applicants had appeared before Ikeja Chief Magistrate’s Court on Wednesday for allegedly defrauding two men of 30,000 U.S. dollars equivalent to about N14.7 million
The 4 applicants arraigned by the police are Garuba Abubakar, 30; Emmanuel Owolabi, 30; Taiwo Hassan,41, and Karibu Imuran, 42.
They were charged with three counts of conspiracy, stealing and obtaining money under false pretences of which they pleaded not guilty.
The Prosecution Counsel, Sgt. Michael Unah, told the court that the accused obtained 30,000 U.S. dollars from the complainants, Mustapha Akilu and Jonathan Oyarinde under the pretence of investment and money doubling.
Unah alleged that “the defendants hypnotised and collected the money from the complainants on June 10, at No. 27 Kakawa Street, Lagos Island,” NAN reports.
Chief Magistrate A.A. Fashola admitted the defendants to bail in the sum of N250,000 bail each, with two sureties each in like sum.
Fashola ordered that the sureties must be gainfully employed and must provide two years tax payment to the Lagos State Government.
The offence contravened the provisions of sections 287, 314 and 411 of the Lagos State Criminal Laws, 2015 (Revised).
The case was adjourned until July 31 for hearing.
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