Ogechukwu Eze, a 39-year-old businessman, has been accused of defrauding another man.
He was however apprehended, arraigned in court and has been granted bail.
An Ojo Magistrates’ Court, on Thursday granted N500,00 bail to Eze after he was accused of obtaining N2.2 million under false pretence.
According to the News Agency of Nigeria, Eze , who resides at Ojo area of Lagos State, is facing a two-count charge of stealing and obtaining money through false pretence.
The Magistrates, Mr A.A Paul, in his ruling on the bail application, ordered the accused to produce two sureties as part of the bail conditions.
Paul also said the sureties must be gainfully employed and should show evidence of two year’s tax payment to Lagos State Government.
Earlier, the prosecutor, Insp Uche Simon told the court that the accused committed the offence on March 17 at Zone A, Shop 1 Aspamda Market, Trade Fair Complex, Lagos.
Simon told the court that the accused under false pretext, allegedly collected N2.2 million from the complainant, Innocent Odunukwe with a promise to supply goods worth the amount.
Simon alleged that instead of supplying the goods, the accused converted the money to his personal use and started avoiding the complainant. He just vanished from sight.
The prosecutor said that when the accused did not get any feedback from the accused, he decided to report the case to the Police.
He said that the accused was however, later apprehended and taken to the police station for questioning.
Simon said that the offences contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.
However, when his plea was taken, Eze pleaded not guilty to the charges.
The magistrate adjourned the case to Jan. 24, 2017, for mention. RECEIVE NEWS UPDATE ON: WHATSAPP +234 701 056 0394, AND TWITTER: @247NGNEWSUPDATE, EMAIL: INFO@247NIGERIANEWSUPDATE.CO FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE Share your story with us: email@example.com PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>