Contractor Docked Over N70m Fraud


The police have arraigned a building contractor before an Ebute Meta Chief Magistrate’s Court, sitting at Oyingbo, Lagos State, southwest Nigeria, for fraud.

The builder, Mr. Basit Adegunwa, 37, was alleged to have on 20 June, 2011, at 2, Igbinovia Lane, Ajah, Lagos, collected N70 million fraudulently from Teslim Adeleke, under the pretence of helping him to build a filling station.

A police source told P.M.NEWS that the complainant reported the matter at the State Criminal Investigation Department, Panti, Yaba, when the defender could not build the filling station nor return the money.

The builder was arrested and arraigned on a three-count charge of conspiracy, fraud and stealing.

The offences, according to the prosecutor, Inspector Eshiet O. Eshiet, are punishable under Sections 516, 419 and 390(9) of the Criminal Code, Cap. C.17, Vol.11, Laws of Lagos State of Nigeria, 2003.

He pleaded not guilty to the charges and Chief magistrate Afolashade Ogalla, who presided over the matter granted him bail in the sum of N2 million with two sureties.

The sureties she ordered must deposit N1 million each and must show to the court evidence of three years tax payment to the Lagos State government.

Their means of livelihood and addresses must also be verified by the prosecutor.

The case has been adjourned till 24 January, 2012, for mention.

A remand warrant was issued against the defendant when he could not perfect his bail conditions and was moved to Ikoyi Prison.

—Paul Sanusi

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