Man, 45, Remanded Over Alleged N1.7M Business Fraud

By Felix Kuyinu

A man, Kunle Asunlewon, has been remanded in prison over accusations of a business fraud amounting to N1,700,000.

Asunlewon was said to have collected the sum from one Mulikat Kasim with an agreement to buy goods and promote the complainants buusiness.

However, Police Prosecutor, Edet Ekpo, stated at the Badagry Magistrates’ Court, where the suspect was arraigned, that he neither bought the goods or imorove the victim’s business but rather absconded, converting the money to his use.

“Asulewon approached the businesswoman, Mulikat Kasim, at Pako, Oko-Afo, on 24th July, promising to help boost her business,” said Ekpo.

“Instead, he vanished with the cash and later caused chaos in the community, sparking a breach of peace.

“The charges, is an offence under Sections 168 and 314 of the Lagos Criminal Law,” the Prosecutor mentioned.

The defendant pleaded not guilty.

Magistrate Nurudeen Layeni granted the suspect bail of N500,000 with two sureties, one of whom must be self-employed.

The case was adjourned till September 4.