Police arraign man over alleged N6.5million fraud

The Osun State Police Command, on Wednesday, arraigned a 35-year-old man, Uche Chukwuma, for allegedly stealing the sum of N6.5million.

The accused, Uche, additionally allegedly threatened to assassinate one Stanley Ginika to ensure that him to not pay the mortgage he collected.

He was arraigned earlier than a Justice of the Peace court docket sitting in Osogbo for stealing the cash belonging to 1 Stanley Ginika of Quantum Intervention Ltd.

Police Prosecutor, Inspector Elisha Olusegun, instructed the court docket that the accused individual dedicated the offence between December 2018 and August 26, 2020 in Osogbo.

Elisha stated that the accused individual did with intent to defraud unlawfully receive the sum of N 6,500,000 at 10 per cent month-to-month rate of interest which he refused to pay and similar amassed to the sum of 100 and two million, 5 hundred and seventy-five thousand naira ( N 102, 575,000).

The prosecutor additional instructed the court docket that the accused individual did situation Diamond Financial institution Cheque No. 10413711 to 1 Stanley Ginika to withdraw the sum of N2,200,000 which was dishonored on the financial institution and written Drawers Consideration is Required (DAR) by the Stanbic Financial institution in Osogbo.

He acknowledged that the offence dedicated by the accused individual was opposite to and punishable below Part 419, 390(9), 86 of the Felony Code Cap 34 vol.II Legal guidelines of Osun State Nigeria, 2002 and Part 1(1)(b) of the dishonored cheque (Offences)Act, Legal guidelines of Federation of Nigeria, 2004.

The accused individual pleaded not responsible to offence leveled towards him.

Defence Counsel, Adeyemi Adedeji utilized for his consumer bail in probably the most liberal phrases.

In his ruling, Justice of the Peace Ishola Omisade granted the accused individual bail within the sum of N5,000,000 with 2 sureties in like sum.

He thereby adjourned the case until sixteenth of November, 2020 for listening to.