A 28 year-old man, Tunde Egbebi was on Monday brought before an Ota Magistrates’ Court for allegedly defrauding a businessman of the sum of N7.1million.
Egbebi, whose address was not provided in court, is facing a two-count charge of fraud and obtaining money under false pretence.
The prosecutor, Sgt. Chudu Gbesi, told the court that the accused committed the offences on August, 14, 2017 at about 10am at Sango Ota in Ado-Odo/Ota Local Government Area of Ogun
State.
Gbesi said that the accused collected N7.1million from one Oluwole Bisiriyu under the pretext of supplying him palm kernel, but failed to fulfil the agreement.
The prosecutor said that the offences contravened Sections 390(9) and 419 of the Criminal Code Laws of Ogun, 2006.
The accused, however, pleaded not guilty to the charges.
Senior Magistrate Akpan granted him bail in the sum of N500,000 with two sureties in like sum.
Akpan said that the sureties should be gainfully employed and must be resident within the court’s jurisdiction.
The magistrate also ordered that the sureties should show evidence of tax payment to the Ogun State Government and their addresses should be verified by the police.
The case was adjoined till May 7, 2018, for hearing.
