The accused allegedly defrauded an Eco Bank manager to the tune of N30 million.
The police in Lagos on Tuesday arraigned a 46-year-old car dealer, Okechukwu George, who allegedly defrauded an Eco Bank Manager of N30 million.
Mr. George, a resident of No. 66, Festac Link Road, Amuwo-Odofin, Lagos, allegedly collected the sum from Juvenus Nworomizu, but failed to return it as he promised.
The prosecutor, Augustine Orji, said that the defendant collected the money in the pretext of using it to purchase cars for supply to an oil company.
Mr. Orji submitted that the car dealer collected the sum on November 19, 2012, on Lagos Island but failed to repay it as agreed with the bank manager.
“He issued Nworomizu with cheques of different banks and all failed to clear. On some occasions, he threatened him with violence instead of repaying the money,” Mr. Orji said.
He said that the offences contravened Sections 312 and 285 of the Criminal Laws of Lagos State, 2011.
Mr. George, however, pleaded not guilty to the two-count charge of fraud and stealing.
Magistrate Martins Owumi granted the defendant bail in the sum of N2 million, with two sureties in like sum. Mr. Owumi adjourned the case till January 21 for further hearing.
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