Trader, 36, charged with defrauding banker of N324,000

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LAGOS – A 36-year-old trader, Kabiru Onikede, was on Monday charged with defrauding a banker of N324,000 at an Igbosere Magistrates’ Court in Lagos.

Whatapp NewsTelegram News

Onikede, whose address is unknown, is facing a charge of obtaining money under false pretences.

The prosecutor, Sgt. Emmanuel Ajayi, had told the court that Onikede committed the offence sometime in October 2012 at Adeniji Adele Branch of Access Bank on Lagos Island. [eap_ad_1] He said Onikede obtained a loan of N324,000 from one Adewole Oluwadare, a banker, with the promise to pay back within two months.

“The trader did not fulfil his promise of repaying the loan to the complainant, and all efforts by Oluwadare to get his money were unsuccessful.’’

According to Ajayi, the offence contravened Section 312 of the Criminal Law of Lagos State, 2011.

Section 312 prescribes 15 years imprisonment for obtaining money under false pretences.

Oluwadare was in court as a witness for the prosecution.

The trader, however, pleaded not guilty to the charge.

In her ruling, the Magistrate, Miss Oluwatosin Fowowe, granted the accused bail in the sum of N50,000 with two sureties in like sum.

The case was adjourned to Sept. 9 for mention. (NAN)

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