The Police in Osun on Wednesday arraigned a 47-year-old man, Olaitan Bashiru, at an Osogbo Chief Magistrates’ Court over alleged fraud of N6.3 million.
Bashiru, who is facing a two-count charge of fraud and theft, pleaded not guilty to the charge.
The State Prosecutor, Mr S.O Ayodele, told the court that the defendant committed the offences between June and September 2018 in Osogbo.
Ayodele said the accused defrauded a company, Cadtech Nigeria Limited, by clamming to be the owner of Powerex Nigeria Limited, a claim he knows to be false.
He said the accused, in a fraudulent manner, obtained the sum of N6.3 million from Cardtech Limited on a business transaction he knew to be false.
The Prosecutor said the offenses contravened Sections 390(9) and 419 of the Criminal Code, Cap 34, Vol 11, Laws of Osun, 2002.
The Defense Counsel, Mr Eyotayo Soji, prayed the court to grant his client bail in the most liberal terms.
The Magistrate, Mrs Aishat Ajanaku , granted the defendant bail in the sum of N500,000 and two sureties in like sum.
Ajanaku said the sureties must reside within the court’s jurisdiction with evidence of tax payment and two passports photographs attached with an affidavit of means.
The case was adjourned untill Dec 19 for hearing.