Bizman docked over fraud

A 35-year-old businessman, Abdulsalau Salami, on Tuesday, appeared before an Ogudu magistrates’ court in Lagos State for allegedly defrauding a microfinance bank of N496,000. The police charged Salami, who resides in Ketu, Lagos State, with three counts of obtaining under false pretense, theft and issuance of a dud cheque, to which he pleaded not guilty. […]

A 35-year-old businessman, Abdulsalau Salami, on Tuesday, appeared before an Ogudu magistrates’ court in Lagos State for allegedly defrauding a microfinance bank of N496,000.

The police charged Salami, who resides in Ketu, Lagos State, with three counts of obtaining under false pretense, theft and issuance of a dud cheque, to which he pleaded not guilty.

The prosecution counsel, Insp. Donjour Perezi, told the court that the defendant committed the offence in May, 2019, at the Davo-Dani Microfinance Bank on Ogudu Road, Lagos.

Perezi alleged that the defendant obtained a loan of N496,000 from the bank and refused to pay and that he issued a dud cheque of N496,000 to the bank.

He further told the court that effort by bank to get back the money failed.

The offence, he said, contravened the provisions of Sections 287 and 321 (b), 315 of the Criminal Law of Lagos State, 2015.

Magistrate O.M. Ajayi admitted the defendant to bail in the sum of N100,000 with two sureties in like sum and adjourned the case to November 25. (NAN)