A 33-year-old Lagos-based businessman, Cletus Iyohan, was Monday, arraigned before an Ikeja Magistrates’ Court for allegedly defrauding a woman, one Mrs Juliana Obabi, to the tune of N4m.
DAILY POST gathered that the accused, a resident of Blessed Valley, Berger, Ikeja, Lagos, is being tried for stealing and fraud.
The Prosecutor, Sgt. Kehinde Olatunde, speaking in court, said the accused committed the offences between the month of May and June 2014 at Maryland, Lagos, adding that the accused fraudulently obtained N4m from one Mrs Juliana Obabi under the pretext to invest on forex trading.
Olatunde said, “Iyohan persuaded the complainant to pay N4m into his account under the pretext of investing the money on forex trading and after the accused received alert for the money, he refused to invest it for what it was meant for.
“He converted the money to his personal use and thereafter, threw threats at the complainant’s life.”
The prosecutor went further to say that when the complainant went to his office to demand for her money, his boys kicked her out, following his orders.
“The accused threatened to kill her anytime she comes to her office again,’’ Olatunde added.
Olatunde said the offence contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.
DAILY POST reports that Section 312 prescribes a 15-year jail term as penalty for offenders.
The accused, however, pleaded not guilty to the offences.
The Magistrate, Mr O.A. Aka-Bashorun, adjourned the case to October 13 for further hearing, granting bail to the accused in the sum of N500,000 with two sureties in like sum.
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