A 44-year-old man, Funji Ishola, on Monday, appeared before an Ejigbo Magistrates’ Court, for alleged N2 million fraud.
Ishola, whose residential address was not provided, is standing trial on a two-count charge of fraud and conversion.
The prosecutor, Insp. Benedict Aigbokhan, told the court that the defendant committed the offences sometime in 2021, at Block 44, Jakande Estate, Bucknor, Lagos.
Aigbokhan said that the defendant fraudulently obtained N2 million from one Mr Gbadamosi Olusegun, under the guise of supplying a power generating set to the complainant’s company, Twins Faja company.
He said the defendant did not supply the generator to the company but converted the said money to personal use.
According to him, the offences contravene Sections 287 and 314(2) of the Criminal Law of Lagos State, 2015.
The defendant pleaded not guilty to the charge.
The Magistrate, Mr E. O. Ogunkanmi, granted him bail in the sum of N500,000 with two sureties in like sum.
Ogunkanmi ordered that the sureties should be gainfully employed and must show evidence of tax payments to the Lagos State Government.
The magistrate adjourned the case until April 4 for mention.