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Police Arraigns Businessman, Olusegun Ogunbanjo, For N950m Fraud

The Nigeria Police has arraigned a businessman, Olusegun Ogunbanjo, who allegedly defrauded two men to the tune of N950m, before a Sabo-Yaba Chief Magistrates’ Court in Lagos.

The defendant was arraigned on a three-count charge which borders on false pretences, forgery and stealing.

The prosecutor, Rita Momah, an Assistant Superintendent of Police, told the court that the defendant committed the offences between January 2017 and December 2022 in the Ikorodu area of Lagos State.

Momah submitted that the defendant obtained N450m from one Mr Olusola lkuyajesin and N500m from one Mr Durodola Balogun under false pretences of using the money to buy stationery.

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She added that the defendant forged an organisation’s Local Purchase Orders to carry out the acts, in contravention of Sections 287, 314 and 365 of the Criminal Law of Lagos State.

The defendant, however, pleaded not guilty.

The Chief Magistrate, Mrs Adeola Olatubosun, granted him bail in the sum of N10m with two sureties in like sum

Also Read:Police Arraigns Car Dealers Over Alleged $112,000 Fraud

Magistrate Olatubosun ordered that the defendant must deposit his passport with the court.

She also directed that one of the sureties must have a landed property within the court’s jurisdiction.

She adjourned the case till April 5 for a substantive hearing

Wahab Akinlade

Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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