40-year-old in N4m alleged fraud

A 40-year-old man, Idowu Oyegunle has been arraigned for an alleged N4,000,000 fraud, before an Ebute Metta magistrate court.

The defendant reportedly committed the alleged criminal act in Lekki area of Lagos State.

Oyegunle was arrested by the police and taken to the State Criminal Investigation Department, Panti, after the alleged incident. He was said to have allegedly defrauded the complainant by collecting the sum of four million naira (4,000,000) from him, to maintain six trucks owned by the complainant. He was also accused of using the trucks for haulage business.

It was learnt that he obtained six trucks with registration numbers (1) AKD 640 XB, (2) AKD 641 XB, (3) AKD 642 XB (4) AKD 643 XB and  (5) XU 884 BDG valued at six million naira each.

The said offence is punishable under that criminal law of Lagos State thus he was charged on three counts.

The defendant however pleaded not guilty to the charge.

The defence counsel, Ibitayo Sadiku applied for bail for him on the basis that the surety would ensure he appears in court whenever his attention is needed.

The Magistrate, Mrs Ajibade, granted the defendant a bail of N500,000 with two sureties who must be blood relations and  responsible citizens with evidence of tax payment.

The case was adjourned till August 27 for mention.