Ex-banker in court over N435m fraud

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A former banker, who allegedly defrauded 26 different people to the tune of N435 million, on Wednesday appeared before an Igbosere Magistrates’ Court, Lagos.

The accused, Adebayo Ogunusi, 41, whose address was not given, is standing trial on a 26-count charge.

The prosecutor, DSP Raymond Akhaine, told the court that the accused committed the alleged offences in Lagos from May to August.

He said that the accused obtained the sum from his victims under false pretences of giving them the dollar equivalent.

Akhaine said that the accused knew that the representation he made was false, adding that the offences contravened Section 312 (1) (a) of the Criminal Law of Lagos State, 2011.

The accused, however, pleaded not guilty to all the counts.

His counsel, Mr. Ayo Durojaiye, prayed the court to admit him to bail on liberal terms.

The Magistrate, Mrs. A. O. Awogboro granted the accused bail in the sum of N10 million with two sureties in like sum.

She ordered, among other things, that the accused should submit his international passport to the court, and that the sureties must reside in Lagos.

The magistrate adjourned the case till Dec. 15 for mention.

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