An Ile-Ife Magistrates’ Court in Osun, on Monday, remanded in prison custody, a 37-year-old man, Olaniyan Akinniyi, who was accused of N865,100 fraud.
The defendant, of no fixed address, is facing a two-count charge of fraud and breach of public peace.
The Defence Counsel, Mr Ben Adirieje, had applied for the bail of the defendant in most liberal term, and pledged that he would not jump bail.
But the Magistrate Olukunle Owolawi, did not grant the defendant bail after he had pleaded not guilty, and ordered that he be remanded in Ile-Ife Prison.
The magistrate adjourned the case until Sept 13, for hearing.
Earlier, the Prosecutor, Insp. Monday Ojiezele, told the court that the defendant committed the offences sometime in June in Iremo Street, Ile-Ife.
Ojiezele said the defendant converted to his own use, N865,100 realised from a transport business involving a Volvo FM7 lorry with registration number APM-234 XA which the complainant, Oluyomi Adenuga, gave him.
He added that the defendant also conducted himself in a manner likely to cause the breach of peace.
The prosecutor said the offences contravened Sections 249(d), 383 and 390 of the Criminal Code, Laws of Osun, 2002.