Crime
Man, 25, docked for alleged N9m fraud
A 25-year-old man, Balogun Alli, on Thursday appeared before an Abeokuta Magistrates’ Court, for alleged N9 million fraud.
Alli, whose address was not provided, is facing a two-count charge of fraud and stealing.
He, however, pleaded not guilty to the charges.
The prosecutor, Insp. Olaide Rawlings, told the court that the defendant committed the offences on Dec. 1, 2020 at the Federal University of Agriculture area, Abeokuta.
Rawlings said the defendant fraudulently collected the money from the complainant, Mr Teslim Nafiu, on the pretext that he would invest it in forex trading.
She said the defendant instead converted the money to his personal use.
The prosecutor said the offences contravened Section, 518(7) 419 and 390(9) of the Criminal Law of Ogun, 2006.
The Magistrate, Mr D.S Ogongo, granted the defendant bail in the sum of N1 million with two sureties in like sum.
Ogongo ordered that the sureties must provide evidence of tax payments to the Ogun government.
He adjourned the case until April 9 for mention.
-
Business1 week agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business1 week agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business6 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Football6 days agoMessi calls Lamine Yamal World Cup final clash ‘Crazy’ after viral baby photo resurfaces
-
Business1 week agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Business7 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts
-
Football1 week agoNigerians blast Super Eagles over France World Cup defeat post
-
Business1 week agoZenith Bank leads brokers’ buy ratings as analysts turn bullish on banking stocks


