Fisayo Akinduro, Osogbo
A 38-year-old man, Wale Ademiluyi was yesterday arraigned before an Ile-Ife Magistrates’ Court over alleged N1.55 million fraud.
Ademiluyi of no fixed address, is facing a two-count charge of stealing and fraud.
The Prosecutor, Inspector Abdullahi Emmanuel, told the court that the accused person committed the offences on February 15, 2019 around 2:00pm at Ita-Osa, Ondo Road in Ile-Ife.
Emmanuel said that the accused person collected the sum of N1,550,000 from the complainant, Fatai Ayobami, under the pretence of selling an uncompleted bungalow building to him.
The prosecutor said that the accused person did not sell the building to the complainant, but converted the money to his personal use.
He said the offences contravened Sections 383, 390(9) and 419 of the Criminal Code, Laws of Osun, 2002.
The accused person however, pleaded not guilty to the charge slammed against him.
The defence counsel, Mr Sunday Olagbaju, applied for the bail of the accused person in most liberal terms, pledging that the accused person would not jump bail, but would provide reliable sureties.
Magistrate Adedotun Ayeni granted the accused person bail in the sum of N500,000 with two sureties in like sum.
Ayeni added that the sureties must swear to affidavit of means, resides within the court jurisdiction and the address must be verified by the prosecutor.
He stated that the sureties must present two years tax clearance certificate and three recent passport photographs each.
The case was adjourned till August 18, for hearing.