A 41-year-old businessman, Amos Abraham, was on Friday brought before an Ikorodu Magistrates’ Court in Lagos State over an alleged N400, 000 fraud.
Abraham, who resides at No. 8, Isagamu Road in Ikorodu, is facing a charge of fraud before Magistrate E.O. Ogunkanmi.
He, however, pleaded not guilty to the charge.
The Police Prosecutor, Adegesin Famuyiwa, told the court that the accused committed the offence on July 31 at 1:00 p.m. at Isagamu Road, beside Total Filling Station, Ikorodu.
Famuyiwa said the accused collected the money from the complainant, Mr Femi Efuwape, to help him purchase a vehicle.
“He failed to purchase the vehicle and all efforts made by the complainant to retrieve his money from the accused failed,’’ he said.
The offence contravened Section 314 (3) of the Criminal Law of Lagos State, 2015.
The Chief Magistrate admitted the accused to bail in the sum of N200, 000 with two sureties in like sum and adjourned the case until Sept. 6, for mention. (NAN)