Four Arraigned for Alleged N3million Fraud

Four men have been charged with a six count charge before a Lagos Magistrate court on Wednesday, for allegedly defrauding one Mr Chinoso Otun of the sum of three million naira (3,000,000,00), under false pretences.

They are Uchenna Ebeatu, Jaspa Enuwemba, Collins Dim and Sunday Ofodile and others who are yet to be arrested.

Sometime in August 2014, around Toll gate area, Badagry Express Way, in Lagos State, they conspired amongst themselves to dupe Chinoso Otun.

The accused were alleged to have invited Chinoso Otums, who lives somewhere around Ladipo area in Mushin, Lagos, to Toll Gate, Badagry express way and told him they were capable of producing United States of America (Dollars) currency by washing, dipping or otherwise, treating the papers or materials with or in a chemical substances, and collected the sum of three million naira from him under the pretence of using the money to purchase the said materials.

Among the charges against the accused is that, they also deceived Chinoso Otum into going into partnership with them, claiming that they were into the business of supplying auto-mobile windscreens to some companies in Kwara, Kano and Ibadan and thereby obtained the sum of three million naira (3,000,000,00) from him with the intention of purchasing the said auto-mobile windscreens and supplying them to some companies in the above locations.

Meanwhile, the four men all pleaded not guilty to the offences before magistrate Aje Afunwa, as the defence counsel, pleaded that they should be granted bail because the offence was bailable but the State prosecutor, ASP Samson Ekikere, argued that the accused should not be granted bail because they didn’t have fix addresses and were unable to present verifiable surety and which actually contributed to the reasons why they were still in police custody.

After listening to both parties, the magistrate, granted bail to the accused persons, with the sum of one million naira each and with two surety who are blood relations and must show evidence of tax payment for the period of three years.

The matter was adjourned to 27th July, 2015.