A 57-year-old trader, Kudirat Akintola, on Monday appeared before an Ikeja Chief Magistrates’ Court for alleged conspiracy and obtaining by false pretences.
Akintola is charged with obtaining N10 million from Trade Deport Company on the pretext of using the money for trading.
The defendant, however, pleaded not guilty.
The prosecutor, ASP Raji Akeem, said that the defendant, who resides at 5, Ogundimu St., Oju Ore, Ogun, committed the offences on Jan.19, 2022.
He said that the defendant promised to pay back the sum within a stipulated time but failed.
Akeem added that efforts to retrieve the money from the defendant failed.
The prosecutor said that the offences contravened Sections 314 and 411 of the Criminal Law of Lagos State, 2015.
The Chief Magistrate, Mrs Bola Osunsanmi, granted the defendant bail in the sum of one million Naira with two sureties in like sum.
Osunsanmi adjourned the case until April 5 for mention. (NAN)