Court remands 20-year-old for N20m fraud

A 20-year- old man, Diekola Yussuf, was on Friday remanded in Ilesa Prison by an Osogbo Magistrates’ Court for alleged N20 million fraud.

Yussuf is facing a two-count charge of conspiracy and fraud.

The Magistrate, Mrs Bashiru Habibatu, gave the order that the accused be remanded in prison due to the magnitude of the offences committed.

The Prosecutor, SP Mireti Wilson, told the court that the accused committed the offences between 2014 and 2015.

Wilson said the accused conspired with two persons, now at large, to defraud Star Pool Company on the pretence to transact a business which was false.

He said the accused collected the sum of N20 million from the company.

He said the offences contravened Sections 8(9) and 1(1)(a)(b) of the Advance Fee Fraud Act, Laws of the Federation, 2006.

The plea of the accused was not taken.

The case was adjourned to Jan. 17, 2017 for hearing.