MAN, 40, GETS N5M BAIL OVER ALLEGED N10.5M FRAUD

A 40-year-old man, Ruleme Nosereme, who allegedly failed to sell a property to George Osaji after collecting N10.5 million from him, was ...


A 40-year-old man, Ruleme Nosereme, who allegedly failed to sell a property to George Osaji after collecting N10.5 million from him, was on Wednesday granted a N500,000 bail.

The Magistrate, Mrs Ambimbola Komolafe, of an Igbosere Magistrates’ Court, Lagos, also granted the accused two sureties in like sum.

The accused, whose address was not given, is facing a three-count charge bordering on fraud and stealing.

The Prosecutor, Insp. Steven Molo, had told the court that the accused committed the offences on Jan. 20, 2014, at Ijeshatedo area of Surulere in Lagos.

He alleged that the accused fraudulently obtained N10.5 million from Osaji, that he would sell a house to him.

“The accused obtained the said money through an inter bank transfer which was transferred from Osaji’s First Bank PLC account to the accused First Bank account.

“The money was meant for the sale of a house situated at No. 26, Obalodu St., Ijeshatedo, Lagos, which the accused inherited from his late father.

“The accused concealed the money and failed to transfer the property to the complainant,’’ he said.

Molo said the offence contravened sections 285 (1), 312 (3) and 324 (1) of the Criminal Law of Lagos State, 2011.
However, the accused, pleaded not guilty.

Komolafe ordered that the sureties must show evidence of three years tax payment and must swear to an affidavit of means.

She said that one of the sureties must be a blood relation of the accused and their addresses verified.

She then adjourned the case to April 15 for mention. (NAN)

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CANTELLA: MAN, 40, GETS N5M BAIL OVER ALLEGED N10.5M FRAUD
MAN, 40, GETS N5M BAIL OVER ALLEGED N10.5M FRAUD
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