38-Year-Old Man Defrauds In-Law Of N9m Deal

8 years ago

38-Year-Old Man Defrauds In-Law Of N9m Deal

The police have arraigned a 38-year-old man,Olumide Ogunbolude, before an Ebute-Meta Chief Magistrate’s Court, for allegedly defrauding his in-law, Taiwo Elegbede, of N9, 105,000.

Our correspondent learnt that the money was meant for the purchase of a Range Rover.

The incident happened in the Alagbado area of Lagos State.

It was gathered that the defendant’s wife was a sister of the complainant.

It was learnt that she introduced her husband to Elegbede as a dealer, when the latter needed to buy a car in 2013.

The suspect was reportedly paid an initial sum of $39,500, before being given an additional N1.6m.
However, more than a year after, the suspect neither produced the car, nor returned the money.

After waiting endlessly, the complainant was said to have reported to the police in April, 2015.
The suspect reportedly pleaded for more time, and when he could not meet up, he allegedly issued the complaint a dud cheque.

He was then arrested and arraigned on Tuesday by detectives from the State Department of Criminal Investigation, Yaba, on three counts of fraud, stealing and issuance of a dud cheque.

The charges read in part, “That you, Olumide Ogunbolude, sometime in October 2013, on Ogo Oluwa Street, Alagbado, Lagos, in the Lagos
Magisterial District, with intent to defraud, did obtain the sum of $39,500 and the sum of N1.6m only, total of N9,105,000 from one Taiwo Elegbede under the pretext that you are in a position to assist him to purchase a Range Rover 2011 model, a representation you knew to be false.

“That you, on May 11, 2015, with intent to defraud, did issue an Enterprise Bank cheque leaflet no 19511754 for the sum of N9, 105, 000 in favour of one Taiwo Elegbede, and when presented for payment at the bank, was dishonoured for insufficient funds to the credit of the drawer of the cheque in the bank in which the cheque was drawn.”

The police prosecutor, Matthew Ibe, said the offences were punishable under sections 312, 285 and 313 of the Criminal Law of Lagos State, Nigeria, 2011.

The defendant pleaded not guilty to the charges.
His defence counsel, F.S. Oladele, applied for his bail in liberal terms.

The Chief Magistrate, I.O. Adelaja, admitted him to bail in the sum of N500,000 with two sureties in like sum.

The case was adjourned till November 18, 2015.
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