By Felix Kuyinu
A businessman is to face court trial over allegations of a fraudulent business transaction amounting to N60 million.
The case is to come up on January 14, 2025.
At his earlier arraignment at the Federal High Court in Ikeja, Lagos, the accused, Olutoye John, Director of TRJ Company Limited, was said to have commited the alledged offence against one Micheal Omofoma.
Police Legal Officer of Zone 2 Police Command, Onikan, Lagos, Zebedee Arekhandia, revealed that the defendant alongside one Emeka Ndukwe, who is currently at large, falsely offered to sell a land property to the fraud victim.
Arekhandia mentioned that the defendant, who is on a three count charge of conspiracy, obtaining property by false pretence and conversion of funds, commited the offence on November 4, 2022, in Ikeja.
He told the court, “The suspect alongside his accomplice intended to defraud by obtaining property under false pretences and converting the proceeds of the criminal act for personal use, in violation of Section 8(a) and punishable under Section 1(3) of the Advance Fee Fraud and Other Fraud-Related Offences Act, 2006.
“They fraudulently obtained the sum of N60 million from Mr. Micheal Omofoma under the false representation that they would sell him a property located at No. 37, Aba Johnson Crescent, Off Adeniyi Jones Avenue, Ikeja.
“They knew this claim was false, thereby committing an offense under Section 1(3)(a) of the Advance Fee Fraud Act.
“This offence is punishable under Section 15(1) of the Money Laundering (Prohibition) Act, 2011, as amended in 2012.”
