A 35-year-old man, Akanbi Olaiyinka, was on Tuesday arraigned in an Osogbo Magistrates’ Court, for alleged N130,000 fraud.
Olaiyinka is facing a four-count charge, bothering on false pretext and fraud.
The prosecutor, Sgt. Adewale Olubukola, told the court that the defendant committed the offences on Sept. 29, at about 12:00 p.m., along Power Line area, Osogbo.
Olubukola alleged that the defendant under false pretext, collected N130,000 from two customers, Abdulsalam Olaide, and Motunrayo Ayanwole, with a promise to supply them with planks, which he failed to do.
She told the court that the accused absconded with the money until police apprehended him.
The prosecutor said the offences contravened Sections 419 and 390(9) of the Criminal Code Cap 34 Vol.11 Laws of Osun, 2003.
The defendant pleaded not guilty to the charges.
Counsel to the defendant, Mr Najite Okobie, prayed the court to grant his client bail in the most liberal terms.
The Magistrate, Mr Ashiru Ayeni, granted the accused bail in the sum of N100,000 and two sureties in like sum.

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The magistrate adjourned the case until Dec. 15 for mention.

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