An Ikeja Magistrates’ Court in Lagos has ordered the arraignment of a businessman, Ayorinde Adu, for allegedly obtaining N26million under the disguise of supplying woods.
A 50-year-old resides in Lokoja, Kogi State and is charged with two-counts of obtaining money under false pretences and stealing.
The defendant, however, pleaded not guilty of the offences.
Earlier, the Prosecutor, ASP Ezekiel Ayorinde, told the court that the defendant committed the offences in May 2016 at Ikeja.
“The defendant fraudulently obtained N26 million from Mao Xlaolei, a Chinese national, with pretext of supplying him processed woods which he failed to do.
“He ran away with the money to an unknown location. Efforts made by the complainant to retrieve the money or get the woods supplied proved unsuccessful as the defendant refused to pick his calls.
“The defendant was apprehended three years after and handed over to the police,” the prosecutor said.
The offences violated Sections 287 and 314 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria reports that section 287 stipulates three years imprisonment for stealing while section 314 prescribes 15 years for obtaining money under false pretences.
The Magistrate, Mrs B.O. Osunsanm, admitted the defendant to a bail of N1million with two sureties in like sum.
Osunsanmi said that the sureties should be gainfully employed and show evidence of two years tax payment to the Lagos State Government (LASG).
She consequently adjourned the case until September 16 for mention.
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