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Man, 30, docked for alleged N4.5m fraud

The police on Friday arraigned one Chukwudi Nbam at an Ikeja Magistrates’ Court for allegedly conspiring with others to defraud one Aloysius Ozatta of N4.5 million.

The Nam, 30, who lives at Ikorodu, near Lagos, is standing trial on a three-count charge of conspiracy, fraud, and stealing, to which he pleaded not guilty.

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The Prosecutor, ASP. Peter Nwangwu, told the court that the defendant committed the offenses on Nov. 10, 2017, at 2:30 p.m. at Ikorodu. Nwangwu said that the defendant conspired with others still at large to defraud the complainant.

He noted that Obama obtained N4.5 million on the pretense of helping the complaint to purchase Nigeria Defence Academy (NDA) form and to process admission into the school, a representation he knew to be false.

Nwangwu said that the defendant failed to buy the way and converted the money to his personal use.

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“All efforts made to refund the money proved abortive hence the report to the police,” he said. According to the prosecutor, the offenses contravene Sections 287, 314, and 411 of the Criminal Law of Lagos State, 2015.

The News Agency of Nigeria reports that Section 287 provides a three-year jail term for offenders. The Chief Magistrate, Mrs. Yewande Aje-Afunwa, granted Nbam bail in the sum of N400, 000 with two sureties in like sum.

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Aje-Afunwa said that the sureties must be gainfully employed and that the bonds should show evidence of tax payment to the Lagos State Government.