The Police on Wednesday arraigned a 45-year-old man, Ibironke Peter, before an Iyaganku Chief Magistrates’ Court, Ibadan, for allegedly defrauding a man of more than N4.1 million.
The defendant of no fixed address is standing trial on a two-count charge of obtaining by false pretence and stealing.
The Prosecutor, ASP Amos Adewale, told the court that Ibironke had on March 5, 2020, at Dugbe area in Ibadan, allegedly obtained the sum of N4, 187, 000 from one Afolabi Abayomi.
Adewale said, “the defendant was alleged to have obtained the sum of money under the pretence of converting the money to Russian Rubbuis which he refuse to do.
“Ibironke was alleged to have stolen the sum of N4,187, 000 property of one Mr Afolabi,” Adewale said.
He said the offences contravened sections 390 (9) and 419 of the Criminal Code of Oyo State, 2000.
The defendant pleaded not guilty to the charges against him.
The Chief Magistrate, Mr Emmanuel Idowu, granted the defendant bail in the sum of N500, 000 with two sureties in like sum, and adjourned the matter until March 9, for hearing.