A 35-year-old man, Abass Yaro-Lecky, who allegedly defrauded a businessman of N50 million on Friday appeared in an Ikeja Chief Magistrates’ Court.
The police charged Yaro-Lecky, whose residential address was not provided, with four counts of conspiracy, stealing, forgery and obtaining money under false pretences.
He pleaded not guilty to the charge.
The prosecution counsel, Insp. Emmanuel Ajayi, alleged obtained N50 million from the complainant, Dr Tosin Adekunle, to facilitate purchase of Bonny Light Crude Oil, purportedly from the NNPC.
Ajayi told the court that the defendant committed the offence with two others, at large between October 2017 and May 22, 2018 in Lagos.
He alleged the defendant also forged NNPC sales and purchase agreement for joint venture contract of sales, a representation he knows to be untrue.
Chief Magistrate S. A. Odunsanya admitted the defendant to bail in the sum of N500, 000 with two sureties in like sum.
Odusanya ordered that the sureties must be gainfully employed and must provide evidence of three years’ tax payment to the Lagos State Government.
The Magistrate adjourned the case until Oct. 15 for hearing.
Sections 287, 314 365(2)( b) and 411 of the Criminal Law of Lagos State 2015.
Obtaining money under false pretences is punishable with 15 years’ imprisonment, conspiracy, two years while forgery and stealing attract three years’ jail term respectively.
[BREAKING] #EndSARS: Ikpeazu approves inauguration of Judicial Panel of Inquiry
Alleged fraud: Produce Maina within 21 days, judge tells Ndume
Pro-Buhari group seeks police protection for 10 million-man march
APC chieftain seeks pay cut for Governors, Nass members
News24 hours ago
#EndSARS: Buhari mocks dead police victims
Business22 hours ago
CAC Withdraws, cancelled NYCN certificate
News17 hours ago
IGP Adamu files 20 grounds of appeal at Supreme Court
Headlines22 hours ago
#EndSARS: Call for Buhari’s resignation politically instigated – NDF
Headlines18 hours ago
BREAKING: Defection Plan: Ebonyi Assembly gives PDP 7 days ultimatum to zone Presidential slot to South Eas
Pilot Icon23 hours ago
Raising the bar in Pension Funds Administration
Headlines17 hours ago
Call for resignation: #EndSARS protesters must not cross red line – Nigerians in diaspora warn …say outbreak of violence may begin Monday
Headlines16 hours ago
Breaking: Edo boils as hoodlums burn down Police Station