Estate Agent Docked Over Fraud


Detectives from the State Criminal Investigation Department, SCID, Panti, Yaba, Lagos, Southwest Nigeria, have arraigned an estate agent from Somolu, Mr. Rasaki Oloyede, before an Ebute-Meta Magistrates’ Court, Oyingbo, Lagos for defrauding some tenants to the tune of N4 million.

The accused and others now at large, were alleged to have posed as the caretaker of a building containing mini-flats and shops at 18, Alade Street, Somolu, between the months of March and August, 2011, to defraud their victims.

He was arraigned on a seven-count charge of conspiracy, stealing and fraud related offences punishable under Sections 516, 390 and 419 of the Criminal Code, Cap. C.17, Vol. 2, Laws of Lagos State of Nigeria, 2003.

He pleaded not guilty to the charges and the presiding magistrate, Mrs. Kemi Doja-Ojo, admitted him on bail in the sum of N250,000, with two sureties. One of the sureties, according to the magistrate, must be a property owner within the magisterial district and must show evidence of payment of tax to the Lagos State government for three years.

She also directed that the sureties must show to the court evidence of means of livelihood and their residential addresses.

The matter has been adjourned till 26 October, 2011, for mention.

The accused was moved to Ikoyi Prison when he could not meet the conditions attached to the bail.

—Paul Sanusi

Load more