A 34-year-old man, Henry Ogunkorede, who allegedly defrauded a woman of N3 million on Tuesday appeared at an Ejigbo Magistrates’ Court, Lagos.
Ogunkorede, whose address was not provided, is facing a three-count charge of conspiracy, fraud and stealing.
He pleaded not guilty to the charge.
The Prosecutor, ASP Benedict Aigbokhan, told the court that the defendant committed the offences with one other still at large in July 2022 at Egbeda area of Lagos.
Aigbokhan said the defendant collected N3 million from the complainant, Mrs Elizabeth Akinjobi, that he would invest the money for her, which he failed to do.
He said when the complainant knew that the defendant had failed to invest her money she asked for a refund and the defendant issued a postdated cheque of N2.4 million.
“The cheque was returned to the complainant by the bank teller due to insufficient funds in the defendant’s account,” the prosecutor said.
He said the offences contravened Sections 287, 314(3) and 411 of the Criminal Law of Lagos State, 2015.
The Magistrate, Miss K. A. Ariyo, granted the defendant bail in the sum of N500,000 with two sureties in like sum.
Ariyo ordered that one of the sureties must be a blood relative of the defendant and both sureties should be gainfully employed.
She added that the sureties must show evidence of tax payments to the Lagos State government.
Ariyo adjourned the case until Feb. 3 for mention. (NAN)
