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44-Year-Old Man Risks 15 Years’ Jail Term Over N2.9m Fraud

Man Lands In Court Over Alleged N1.3m Fraud

Local News

44-Year-Old Man Risks 15 Years’ Jail Term Over N2.9m Fraud

A 44-year-old consultant, Olukunle Coker, was on Monday brought before an Ikeja Magistrates’ Court in Lagos State for allegedly defrauding a woman of N2.9 million.

Coker, who resides at No. 9/5, Diary Farm Estate, Ogba/Agege Road, Lagos State, is being tried for obtaining money under false pretences and stealing.

The prosecutor, Insp. Victor Eruada, said the accused committed the offences in May 2014, at the Ogba branch of Union Bank PLC in Lagos State.

He said that the accused obtained N2.9million from the complainant, Mrs Esther Onifade, through an ATM money transfer.

“Coker collected N2.9 million  from the complainant with the pretext of using it to secure  a building contract in Abuja and promised that he would pay back as soon as he had secured the contract,” the prosecutor said.

Eruada said that the accused intentionally swindled the complainant and failed to refund the money.

“The accused had been on the run until he was sighted by Onifade who reported the case to the police that arrested him,” he said.

The prosecutor said that the offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015 (Revised).

NIGERIA NEWS reports that Section 314 prescribes 15 years’ jail term for obtaining money under false pretences.

The accused pleaded innocence of the offences and was granted bail in the sum of N1million with two sureties in like sum.

The magistrate, Mrs M.I. Dan-Oni, said that the sureties should be gainfully employed and show evidence of two years’ tax payment to the Lagos State Government (LASG).

She adjourned the case until Aug. 20 for mention.

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