62-year-old Docked For Forgery, Obtaining N7.5m Falsely –

A 62-year-old man, who allegedly forged the identity card and a Power Holding Company of Nigeria (PHCN) letter to obtain N7.5 million from a bank was on Monday docked in Lagos.

Charles Ajibade is standing trial before an Igbosere Magistrate’s Court, Lagos, on a four-count charge of stealing, conspiracy, forgery and presenting forged documents.

The prosecutor, Insp. Godwin Anyanwu, told the court that the accused with two others now at large committed the offences on Oct. 23, 2010, at Intercontinental Bank Plc, Lagos.

Anyanwu said that the accused forged PHCN identity card and a letter, posed as a staff member of PHCN and collected N7.5 million from the bank.

He said that the money belonged to Crystalife Assurance Plc., an insurance company, operating at Eleganza House, Joseph Street, Lagos.

He said that the offences contravened Sections 390(9), 467(2), 468 and 516 of the Criminal Code, Laws of Lagos State.

The accused pleaded not guilty to the charges.

The Magistrate, Mr. W.B. Balogun, granted him bail in the sum of N300, 000 with one surety in like sum.

He adjourned the case till June 6 for mention.