20th July, 2023
By Paul Iyoghojie
Operatives of the Force Criminal Investigation Department (FCID), Alagbon Close, Ikoyi, Lagos, Southwest, Nigeria have arrested a businessman, Lulubanrango and charged him before a Lagos Magistrates’ Court for allegedly obtaining N18millon overdraft under false pretence.
Police alleged that the defendant obtained the N18 million overdraft from the Management of Nomba, a duly registered company in Nigeria with the promise to use the money and refund it back to the company, but he failed as promised.
Following the development, the Management of Nomba Company petitioned the Inspector General of Police, IGP of the matter who referred the case to the Force Criminal Investigation Department, Alagbon Close, Ikoyi, Lagos for detailed investigation.
The Police trailed the defendant, arrested and charged him before the Tinubu Magistrate Court on a two-count charge bordering on obtaining N18 million overdraft under false pretence and fraud.
Police counsel, Morufu Animashaun informed the court in the charge marked R/25/2023 that the defendant committed the offence in May 2022 at Block 119, Plot 19A, Bosun Adekoya Street, Lekki Phase 1, Lagos.
Animashaun told the court that the defendant with the intent to defraud induced the Management of Nomba, a company duly registered under the Nigeria Law to release N18million overdraft for him to transact business with the promise to pay back within the agreed time, but that the defendant failed to pay back the money and instead went into hiding before he was arrested.
He said the offences, the defendant committed were punishable under Section 322 and 287 (7) (d) of the Criminal Law of Lagos State, 2015.
The defendant, however, pleaded not guilty to the charges and Magistrate, Mrs A. A. Awoyinka granted him N2 million bail with two sureties in like sum.