A 38-year old man, Oluwatoyin Fagbemi, was on Monday arraigned before a Chief Magistrates’ Court sitting in Osogbo for alleged N4.2million fraud and theft.
Fagbemi was arraigned on a two-count charge bordering on obtaining under false pretence and theft.
The prosecutor, Asp. Taiwo Adegoke told the court that between 2016 and 2019, the defendant collected goods worth N4, 232, 250 under the false pretence to sell them and refund the said amount to the complainant, Ajani Abiola.
The offences committed, according to the prosecutor, contravened Sections 309(9) and 419 of the Criminal Code Cap Vol. 2 Laws of Osun, 2002.
The defendant, however, pleaded not guilty to the charge against him
The defence counsel, Shuiab Gominna, prayed that his client is granted bail in the most liberal terms.
The Magistrate, Mrs R. A Olayemi, granted the defendant bail in the sum of N2 million with two sureties in like sum.
Olayemi said that one of the sureties must be a blood relation while the other should be a civil servant on GL 5.
She added that a photocopy of the surety’s letter of appointment and evidence of tax payment for three years till date be deposited with the court.
The magistrate, who also said the sureties must reside within the court’s jurisdiction, must also have their addresses verified.
She adjourned the case till Nov. 25 for hearing.