NAN-H-9
Scam
By Teniola Ibitola
Lagos, Feb. 15, 2018 (NAN) For allegedly collecting N37.6 million from some people under the guise of forex trading, a 45-year-old man, Emenike Mpamugo, on Thursday appeared before an Ebute Meta Magistrates’ Court, Lagos.
Mpamugo is facing a four-count charge of conspiracy, obtaining money under false pretences, stealing and issuing a dud cheque.
He, however, denied the charge.
But Police Prosecutor Cousin Adams told the court that the accused committed the offences between October and February 2017 at different locations in Lagos.
He alleged that the accused obtained N37.6 million from the complainants — Uba Uchenna and Gift Ntekim — on the pretext of investing the money forex business in a new generation bank.
The offences contravened Sections 287, 314, 320 and 411 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria (NAN) reports that the accused may be sentenced to 15 years imprisonment for obtaining money under false pretences.
Magistrate Helen Omisore granted the accused bail in the sum of N5 million with two responsible sureties in like sum.
She said one of the sureties must be a blood relation of the accused, while the other surety should be a community leader.
The case has been adjourned until Feb. 21. (NAN)
OAT/KOO/DA
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Edited by Kevin Okunzuwa/Dele Akinsola