Man Defrauds Bureau De Change Of N12m, Gets N5m Bail

Court of law

Man Refuses To Pay Bureau De Change 12 Million Naira

A man recognized as Segun Oyeniyi, has been brought before the Tinubu Magistrate Court sitting in Lagos State, for allegedly defrauding a Bureau de change operator of N12 million.

The suspect has been reported to have pleaded not guilty to the offences of conspiracy, fraud and theft preferred against him.

Police Inspector, Ben Ekundayo, the prosecutor, alleged that the accused committed the offences sometime in November 2017 on Lagos Island.

He said the accused collected 102,000 dollars from a Bureau de change operator, Ramadan Musa, under the pretext of giving him the Naira equivalent of N32 million.

According to him, the accused paid N20 million and refused to pay the balance of N12 million.

“Oyeniyi approached the complainant, a Bureau de change operator for dollars with the agreement of paying him the Naira equivalent.

“Musa made the payment of 102,000 dollars into an offshore account in November 2017 with proof of payment.

“The accused after much pressure paid N20 million out of the N32 million and refused to pay the balance of N12million,” he told the court.

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

Ruling on the bail application of the accused, Magistrate Olumide Fusika granted the cleric N5 million bail with two sureties in like sum and adjourned the case until June 28.