Home General News Police arraign 3 men over alleged N11.4m fraud in Lagos

Police arraign 3 men over alleged N11.4m fraud in Lagos

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The Police on Friday arraigned three men before an Ikeja Magistrates’ Court in Lagos for allegedly defrauding a man of N11.4 million.

​The defendants – John Zinsu, 43; Koleoso Olamide, 45; and Oyinlola Saheed, 37 – are facing a three-count charge of conspiracy, obtaining money under false pretence, and stealing.

​The prosecutor, SP Josephine Ikhayere, told the court that the defendants committed the offences within the Yaba Magisterial District.

​Ikhayere alleged that the defendants conspired with others still at large to obtain N11.4 million from the complainant, Augustine Idiahi.

​She said the defendants obtained the money under the pretence of selling a grey 2013 Toyota Camry to the complainant.

​According to the prosecutor, the defendants failed to deliver the vehicle and refused to refund the money, instead converted it to their personal use.

​Ikhayere said the offences contravened Sections 287, 314, and 411 of the Criminal Law of Lagos State, 2015.

​The defendants, however, pleaded not guilty to the charges.

​The Magistrate, Mr L.A. Owolabi, granted each defendant bail in the sum of N500,000 with two reliable sureties in like sum.

​Owolabi adjourned the case until June 30 for mention. (NAN)