Man in court for allegedly defrauding business partner of N10m

A man, Hule Sunday, on Tuesday appeared in a Wuse Zone Six Chief Magistrates’ Court, Abuja, for allegedly defrauding his business partner of N10 million.

The defendant, who resides in Federal Housing Estate, Karu, Abuja, is charged with three counts of criminal breach of trust, misappropriation of funds and cheating.

He pleaded not guilty.

The prosecution counsel, Opeyemi Akanbi, told the court that the complainant, Iliyasu Abdu, of Suite 22.1, Apo, Abuja reported the matter to the Inspector-General of Police, Force Headquarters through a written petition on Aug 14.

He alleged that the defendant collected N10million from the complainant as an investment into a  business.

The prosecutor in addition said that the defendant promised that the maturity period for returns on investment was for three months.

The prosecution said at the expiration of the three months on Dec. 16, 019, the defendant failed to return the money and instead converted it to his personal use.

The offence, the prosecution said, contravened the provisions of sections 309,312 and 322 of the Penal Code Law.

Magistrate Linda Chidama admitted the defendant to bail in the sum of N500,000 with two sureties in like sum.

She adjourned the case until Oct. 21, for hearing.



We’ll remain impartial in tackling Boko Haram, banditry ― Buratai

Chief of Army Staff, Lt General Tukur Buratai has stressed that the Nigerian Army will continue to carry out its duties of tackling insurgency, banditry, criminalities and safeguarding the territorial integrity of the country without partiality.

Kwara presents appointment letters to seven traditional rulers

Kwara State Government has presented letters of appointment to seven newly appointed third class and fourth class traditional rulers.

The official presentation followed the approval by Governor Abdulrahman Abdulrazaq after the ratification of same by the Kwara State Council of Chiefs.

defrauding business partner

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More