Police Arraigns Car Dealers Over Alleged $112,000 Fraud

The Nigeria Police has arraigned two car dealers before a Lagos State Chief Magistrate Court in Ogba for allegedly defrauding a businessman, Idowu Adekunle, the sum of $112,000 after a failed car importation deal.

The importers, Obi Victor and Vincent Obi, were arraigned before Chief Magistrate Lateef Owolabi, at the Samuel Ilori Court, on a three counts charges of obtaining by false pretences, fraud, and stealing.

Adekunle said the defendants promised to import 11 cars from the United States of America for him and collected the sum of $112,000 for the vehicles.

However, Adekunle alleged that the defendants stole the money deposited for the cars, adding that when the matter was reported to the police, the men were arrested.

Also Read: Court Convicts Lekki Big Boy Over $475,000 Fraud

The police prosecutor, Josephine Ikhayere, said the ooffenseswere punishable under sections 411, 314 (1) (a-b), and 284(1) (a-b) of the Criminal Law of Lagos State of Nigeria, 2015.

The defendants pleaded not guilty to the charges.

Chief Magistrate Owolabi granted them bail with two sureties who must be property owners and must have a minimum balance of N500,000 in their bank accounts with three years’ tax payment receipts.

The matter was adjourned till October 11 for mention.


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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