One Adewale Adeagbo, an employee of a foremost property company in South-West Nigeria, on Monday, appeared before a Grade ‘A’ Customary Court, Iyaganku, Ibadan, charged with N7, 640, 000 fraud.
Adeagbo, whose residential address was not provided, is being prosecuted for conspiracy, obtaining money under false pretence and stealing.
The Prosecutor, Mr Philip Amusan told the court that the defendant allegedly committed the offences between April 2023 and January 2024.
Amusan alleged that the defendant, a Responsibility Officer in the property company, which has an Housing Estate at Ayegun Oleyo, Ibadan, fraudulently obtained the money from a prospective client, Mr Kenny Oluokun.
Amusan alleged that the defendant and others at large conspired to obtain the money from Oluokun on pretext of allocating to him one and half plots of land at the aforementioned estate.
The prosecutor alleged that Adeagbo, knowing his representation to be false, obtained the money in his personal account and converted same to his personal use.
He said the offences contravened Sections 516, 419 and 390 (9) of the Criminal Laws of Oyo State, 2000.
The defendant however pleaded not guilty to the charges.
The Court President, Mrs Moji Aworemi granted the defendant bail in the sum of N1 million and two sureties in like sum.
Aworemi held that one of the sureties must be a religious leader and the other, a blood relative of the defendant.
She thereafter adjourned the case until May 2 for hearing. (NAN)
