Businessman Sent To Prison For Stealing $38,000

Operatives of the Zone 2 Command, Lagos have arrested a businessman, Joseph Adubiaro, 42, for allegedly using his bank accounts in Wells Fargo Bank and Bank of America,USA to obtain a sum of $38,200 dollars equivalent to N13,943,000 from Auwalu Bala under false pretence.

After investigation, Adubiaro was arraigned before an Igbosere Magistrate Court, Lagos on a two-count charge of felony to wit, obtaining money under false pretence and stealing.

Police Counsel, S.Molo informed the court in charge No B/05/2018 that the accused committed the offence between February and August, 2016 at Ikeja, Lagos.

Molo told the court that the accused used his two bank accounts in the USA to fraudulently obtained the sum of $38,200 from the complainant, Auwalu Bala with the promise to pay him back in Naira equivalent of the sum of N13,843,000.

Molo said that the complainant was shocked that after the accused received the dollars in his account, he failed to pay the Naira sum to him till date.

He said that the complainnant reported the matter to the police when all his efforts to recover the dollars or Naira equivalent from the accused proved futile.

Molo added that the offences the accused committed were punishable under sections 314(b)(3) and 280(1)(2)(a)(b) of the Crimiinal Laws of Lagos State.2015.

The accused pleaded not guilty to the charge and Chief Magistrate Folashade Botoku granted him bail in the sum of N1m with two sureties in like sum one of whom must be Level 15 in the Civil Service.

Botoku adjourned the case till 5 February, 2018 for trial and ordered that the defendant be kept at the Ikoyi Prison, Lagos till he fulfilled the bail conditions