BusinessCrimeLawNews

Businessman In Court For Alleged N4m Fraud

By Temitope Ilori

A 42-year-old businessman, Chigozie Okafor, was  arraigned in Lagos for alleged four million Naira motor spare parts fraud.

Okafor, whose address was not provided, is facing a count charge of fraud before a Badagry Chief Magistrates’ Court.

He, however, pleaded not guilty to the charge.

The prosecutor, ASP Ikem Uko, told the court that the defendant committed the offence on June 20, 2022, at Aspamda, Trade Fair Complex, Lagos State.

Uko said that the defendant fraudulently collected the sum from the complainant, Mr Obiora George, to help him to buy motor spare parts, which he failed to do.

He said that the defendant converted the money to his personal use.

Uko said that efforts made by the complainant to get back his money proved abortive.

He said that the offence contravened Section 314 of the Criminal Law of Lagos, 2015.

The Chief Magistrate, Mr Patrick Adekomaiya, granted the defendant bail in the sum of N500, 000 with two sureties in like sum.

Adekomaiya adjourned the case until June 6 for mention. 

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