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Businessman arraigned over alleged N1.2m fraud

01 October 2013, 08:27

Lagos - A businessman, Hakeem Hassan, 61, on Monday appeared before an Ebute Meta Chief Magistrates’ Court, Lagos, charged with defrauding his business partners of N1.2 million.

Hassan, who resides at No. 32, Abebowale St. Alagbado, Lagos, is facing a two-count charge of fraud and stealing.

The prosecutor, Insp. Asu Feddy, told the court that the offence was committed on October 28, 2011 at Ahmadiyah area, Abule-Egba, Lagos.

He said that the accused and the complainants, one Lucky Onafua and Oluwasegun Ekun were business partners.

Feddy said that the accused collected N1.2 million from the complainants on the pretext that he secured a contract from China Civil Engineering Construction Corporation (CCECC) to supply binding wire.

He said that the accused, however, fraudulently diverted the money to personal use.

According to the prosecutor, the accused later issued an Access Bank cheque in favour of the complainants, which was dishonoured by the bank due to lack of sufficient funds in the account.

Feddy said that the offences contravened sections 285 and 312 of the Criminal Law of Lagos State, 2011.

Section 312 provides that a person who commits an offence of obtaining by false pretext is guilty of a felony and liable to 15 years imprisonment.

The accused, however, pleaded not guilty to the charge.

The Chief Magistrate, Olatunbosun Abolarinwa, granted the accused N200, 000 as bail with two sureties in like sum.
The case was adjourned till November 21 for further hearing.

-    NAN

Tags lagos fraud

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