According to report, the accused, a resident at 4, Johnson Ikuomola St.in Idimu area of Lagos State is facing a three-count charge of conspiracy, fraud and theft, after the prosecutor, Sgt. Hafsat Ajibode, told the court that the accused committed the offences between October 2017 and March 2018.
Ajibode further told the court that the accused withdrew the money from the unnamed customers’ accounts by issuing a forged investment certificate to them to conceal his fraudulent activities.
It was learnt that the Chief Magistrate, Mr Tajudeen Elias, granted bail to the accused who pleaded not guilty to the charges in the sum of N500, 000 with two sureties in like sum. He said one of the sureties must be a relative of the accused and the other, a civil servant, while he adjourned the case until Aug. 16 for hearing.
The offences contravened Sections 287 (7), 325 and 411 of the Criminal Law of Lagos State, 2015. Section 287 (7) stipulates seven years imprisonment for offenders.

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