Lagos - A 53-year-old Lebanese businessman, Nahel Mansour, who allegedly issued four dud cheques, on Wednesday appeared before an Igbosere Magistrates’ Court in Lagos.
Mansour, whose address is unknown, allegedly issued the cheques to two companies and an individual with the knowledge that he had no money in his bank accounts.
The Prosecutor, Babaje Ishiaku, told the court the accused committed the offences in October and November, 2013 at the Muson Centre, Onikan, Lagos.
Ishiaku said that on October 10, 2013, Mansour issued a post-dated Access bank cheque with number 19115234 for N5.8 million to Olusola Amos.
He said that, on the same day, Mansour also issued two other Access bank cheques with numbers 19115307 and 199115310 for N5.8 million and N5.2 million, respectively, to two companies.
He said that the companies were Owo Tono Investment Company Ltd. and Oildew Global Resources Ltd.
The prosecutor added that the accused, on November 5, 2013, issued a Zenith bank cheque with number 89497209 for N6.8 million to Oildew Global Resources Ltd.
Ishiaku told the court that all the cheques were dishonoured by the banks on the grounds that there were insufficient funds in the accounts.
He said that the offences contravened Section 320 (3) of the Criminal Law of Lagos State, 2011.
The News Agency of Nigeria (NAN) reports that the section prescribes 15 years imprisonment for anyone found guilty of obtaining execution of security by false pretences.
Counsel to the accused, Evans Duru, prayed the court to grant Mansour bail in liberal terms.
The prosecutor, however, objected to the bail application, saying that the accused had no fixed address as he claimed to be residing in a restaurant.
The Magistrate, J. Adegun ,granted the accused bail in the sum of N1 million with two sureties in like sum, and adjourned the case to March 5 for mention.