Connect with us
Advertise With Us

METRO

Money Changer Faces N9.8m Fraud Charge

Published

on


A 31-year-old businessman, Anthony Okonji, who changes money, was on Wednesday brought before an Igbosere Magistrates’ Court in Lagos for allegedly obtained 30, 840 dollars (about N9.8 million) under the guise of supplying the naira equivalent.The accused, whose residential address was not given, is standing trial on a two-count charge of conspiracy and fraud.

The Prosecutor, SP Susan Ezema, told the court that the accused committed the offences between May 23 and May 25, 2017 in Lagos and Kano.She said the accused obtained 30, 840 dollars (equivalent of N9.8 million) under the pretext of supplying the naira equivalent to the complainant, Yusuf Zakanji.The offences contravened Sections 312 (3) and 323 of the Criminal Law of Lagos State, 2015.

Section 312 prescribes 15 years jail term for false pretences, while Section 323 provides seven years for conspiracy to defraud, the News Agency of Nigeria (NAN) reports.The accused denied the charge.

The Magistrate, Mr W. B. Balogun, granted the accused bail in the sum of N5 million with two sureties in like sum.He said the sureties must be gainfully employed, have property in Lagos State and show evidence of three years tax payment.The case was adjourned until May 17.

 



Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]





Which party would you vote for President in the 2019 general election?

View Results

Loading ... Loading ...


Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments
Advertisement

Sign up for our newsletter

Advertisement

MOST POPULAR

Pin It on Pinterest

Share This

Share this post with your friends!