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2 bizmen docked over alleged N20m oil fraud



Two businessmen, Adewale Olayemi, 41 and Yemi Akindele, 39, who allegedly defrauded a man of N20 million, were on Wednesday docked before an Ikeja Magistrates’ Court, sitting in Lagos.

According to the prosecutor, ASP. Peter Nwagwu, the defendants committed the offences sometime in December 2018 at Oshodi, Lagos.

Nwagwu said that the defendants conspired to obtain N20 million from Mr Eddie Ino under the pretext of introducing him to an oil business, a representation they knew to be false.

“The defendants approached the complainant, persuading him to invest in oil business like petroleum and others.

“After the complainant gave them the money, they were nowhere to be found.

“Efforts made by the complainant to get the goods or retrieve his money proved unsuccessful as they refused to pick his calls.
“The defendants were apprehended nine months after and handed over to the police,” the prosecutor said.

The offences contravened Sections 287, 314 and 411 of the criminal law of Lagos State, 2015.

The defendants pleaded not guilty to the charges of conspiracy, obtaining money under false pretense and stealing.

The Nigeria News Agency reports that Section 287 carries three years imprisonment for stealing, while Section 314 attracts 15 years for obtaining money under false pretences.
Magistrate Y.O Aje-Afunwa granted the defendants bail of one million naira with two sureties each as part of the bail condition.

Aje-Afunwa said that the sureties should be gainfully employed and show evidence of two years tax payment to the Lagos State Government.

The case was adjourned until Nov. 26 for mention.

Edited by Dorcas Jonah/Olagoke Olatoye