Home Metro Lagos company MD faces N2.6m fraud charge

Lagos company MD faces N2.6m fraud charge


Lagos – A 39-year-old Managing Director, Akinyemi Ibikunle, who allegedly obtained N2.6 million on the pretext of financing a business, was on Friday docked at an Igbosere Magistrates’ Court in Lagos.

Ibikunle, who resides at No. 5B, Close B, Hillview Estate, Ogudu in Lagos, was however, granted N1 million bail with two sureties in like sum.

He is standing trial on a three-count charge bordering on conspiracy, fraud and issuing of a dud cheque.

The Prosecutor, Insp. Adoga Amedu, told the court that the accused committed the offences sometime in July 2015 in Lagos.

Amedu said the accused, the Managing Director of Aim Direct Ltd., Lagos, with others still at large, conspired and obtained N2.6 million from Mr Ernest Okonkwo, with a promise to pay back within a short time.

“The accused obtained the money to facilitate a business contract, and instead of paying back the money as promised, he issued a bank cheque valued at N2.6 million.

“It was dishonoured on presentation due to insufficient fund,” Amedu said.

The offences contravened Sections 312, 319 and 409 of the Criminal Law of Lagos State, 2011.

The accused pleaded not guilty.

The Magistrate, Mr P. A. Adekumaiya, granted the accused bail in the sum of N1 million with two sureties in like sum.

He said the sureties must be gainfully employed, while their addresses should be verified.

The case was adjourned to May 3 for mention. (NAN)

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