NAN-H-68
Transporter
By Oluwatope Lawanson
Lagos, Feb. 9, 2017 (NAN) The police in Lagos on Thursday arraigned a transporter with Forte- Oil Plc, Abdulahi Babagana, before an Ikeja Magistrates’ Court for alleged fraud and stealing of N3. 4 million.
Babagana, 47, whose address is unknown, is standing trial on a two-count -charge of fraud and stealing.
The Police Prosecutor, Insp Peter Nwangwu, told the court that the accused committed the offences on Jan. 17, 2014 at Ilapo- Alagbado area of Lagos.
“The accused fraudulently collected credit facilities to the tune of N3.4 million from Ilapo-Alagbado Multipurpose Co-operative Society under the pretext of using it to buy kerosene to sell and remit the proceeds.
“An agreement was reached between the complainant and the accused to pay back with interest under a period of time.
“However, the accused defaulted and all efforts to recover the money proved abortive, as the accused was no longer reachable,” Nwangwu said
He alleged that after investigations, it was discovered that the accused had converted the money to his own personal use and absconded, hence the report to the police.
The prosecutor said that the offences contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.
The accused pleaded not guilty to the charges.
The Magistrate, Mrs Y.O. Aje- Afunwa, granted the accused bail in the sum of N700,000 with one surety in like sum, saying the surety must be a property owner in Lagos.
Aje-Afunwa adjourned the case till March 29 for mention. (NAN)
LAW/ORO/YEMI
Edited by Razak Owolabi/Yemi Idris-Aduloju