8 January 2013

Nigeria: EFCC Arraigns Businessman for Alleged N19 Million Fraud

A 47-year-old businessman, Ma'aru Usman, was on Tuesday arraigned before a Lagos High Court in Ikeja by the EFCC for alleged N19 million fraud.

The defendant, who resides at No. 27, Adetan Adebayo St., Power Time Line, Somolu, Gbagada, Lagos, is facing a one-count charge of stealing by fraudulent conversion.

Counsel to the EFCC, Mr M.K. Bashiru, alleged that the accused had, in November 2011, in Lagos, fraudulently converted N19 million which was entrusted in his care to his personal use. Bashiru said the money was entrusted to the accused by one Alhaji Akeem Badiru.

He said the offence contravened Section 285 (9) of the Criminal Laws of Lagos State, 2011. Usman, however, pleaded not guilty to the charge. The Judge, Lateefat Okunno, ordered him to be remanded in prison pending the hearing of his bail application fixed for Jan. 28. (NAN)

Copyright © 2013 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.