A 43-year-old man, Adekunle Fadipe, on Monday, appeared before a Yaba Chief Magistrates’ Court in Lagos charged with duping a company of N599 million on the pretext of facilitating an oil and gas transaction.
Fadipe, who is of no fixed residential address, is facing a three-count charge of conspiracy, obtaining by false pretenses and stealing.
The Prosecutor, ASP Rita Momah told the court that Fadipe and some others still at large committed the offences sometime in the month of November, 2020, at Victoria Island, Lagos.
Momah alleged that Fadipe and his accomplices fraudulently obtained N599 million from Pramopro Ltd., on the pretext that it could assist in securing an oil and gas deal.
The prosecutor contended that defendant’s knowingly obtained the amount, but with the intention to defraud Pramopro Ltd.
Momah said that the offences contravened sections 287, 314 (1) (a) and 411 of the Criminal Law of Lagos State, 2015.
When the charge was read to the defendant, he pleaded not guilty.
The Chief Magistrate, Mrs Adeola Olatunbosun granted the defendant bail in the sum of N10 million with three responsible sureties in like sum.
She said that one of the sureties must be a land owner in Lagos State and adjourned the case until Feb. 22 for substantive trial. (NAN)
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