Lagos - A 29-year-old unemployed man, Ifeanyi
Okeke, on Tuesday appeared before an Igbosere Magistrates' Court in
Lagos, charged with N350,000 fraud.
Okeke, who resides in Obalende area of Lagos, is standing trial on a three-count charge of conspiracy, fraud and theft.
The Police Prosecutor, Sgt. Augustine Ejembi, said the accused committed the offences on Aug. 12 at Obalende area of Lagos.
"The accused obtained N350, 000 from the complainant, Moses Igwe, on the pretext of helping him with a business proposal.
"He was, however, arrested by the police when he could not help him out or refund the money," the prosecutor said.
Ejembi said the offences contravened Sections 285, 312 and 409 of the Criminal Law of Lagos State, 2011.
The accused pleaded not guilty to the charge.
The News Agency of Nigeria (NAN) reports that the accused may be sentenced to 15 years imprisonment on conviction.
The Magistrate, E. E. Ikubenje, granted him bail in the sum of N100,000 with two sureties in like sum.
She adjourned the case till Oct. 31, for mention.