Connect with us

Judiciary

Company agent in court over alleged N2.4m tax fraud charge

Published

on

A tax agent, Kehinde Babatunde,  on Tuesday appeared in an Igbosere Magistrates’ Court in Lagos for allegedly defrauding his company to the tune of N2.4 million, meant for tax payments.

Babatunde, 44, whose residential address was not given, is  charged with six-count charge, bordering on fraud, forgery and stealing.

The Prosecution Counsel,  Sgt. Friday Mameh, told the court that the defendant committed the  offence between 2017 and 2018 in Lagos.

He said that the defendant obtained the sum of N2.4 million from his company, DKR Associates, to pay  into the account of  the Lagos State Inland Revenue Services, as company annual tax payments but did not remit the money.

He said the defendant also forged three defunct Skye bank tellers in the name of Lagos State Revenue deposit slip so that the documents would be acted upon as genuine to the prejudice of DKR Associates.

The offence, he said, contravened the provisions of sections 287, 314, 336, 337, 365(3) and 411 of the Criminal Law of Lagos State, 2015.

The defendant pleaded not guilty to the charge.

Magistrate K.S. Abdulsalam admitted the defendant to bail in the sum of N500, 000 bail with two sureties in like sum.

She ordered that the sureties must show evidence of three years Land Use charge payments to the Lagos State Government and must show six months bank account statement.

Abdulsalam adjourned the case until Oct. 10 for mention.

edited by Sadiya Hamza

© 2019 NNN NEWS NIGERIA. EDITOR@NNN.COM.NG