POS Operator On Trial Over Alleged N17M Fraud

By Felix Kuyinu

A Point of Sales, POS, business operator, Shamsudeen Isiaka, is facing trial over allegations of fraud in the sum of N17,000,000.

Isiaka, 24, was arraigned at the Ogudu Magistrates’ Court on Friday on a two-count-charge of fraud and theft.

During his arrangement, Police Prosecutor, Inspector Bassey Sunday, submitted that the accused committed the offences in November 2024, at Mile 12 Market , Ketu, Lagos.

Bassey said that Isiaka, on different days, received money from other POS operators through transfers to give them cash in return.

According to the Prosecutor, one Oluwakemi Dada transferred N7,000,000, Nuhu Hassan, N4,000,000, Ahmed Didat, N2,700,000 to the suspect.

He further disclosed that others who made transfer to the defendant include David Chibuzor, the sum of N1,800,000 and Dare Oyegoke, N1,500,000.

Bassey said that Isiaka, who pleaded not guilty to the accusations, fled, failing to provide cash to the depositors.

The Prosecutor added that a manhunt for the defendant was laid by the Police which led to his arrest at his hideout.

According to Bassey, the offences contravened Section 287 of the Criminal Law of Lagos State, 2015.

The court granted the defendant bail in the sum of N1million with two sureties in like sum.

The case was adjourned till April 15.