A Federal High Court sitting in Lagos, has ordered that an engineer, Adeleke Adebesin, who was arraigned by Special Fraud Unit, PSFU, of the Nigeria Police, over alleged N40 million fraud, be remanded in prison custody till March, when his bail application would be heard and determined.
Trial judge, Justice Akintayo Aluko remanded the engineer in prison custody, who was arraigned alongside his company, Kings Intercontinental Homes and Properties Nig. Ltd and one James Ogunsango, said to be at large.
At the hearing of the matter on Tuesday, his lawyer, E. Offiah, told the court that he was just being briefed on the matter, and that he needed a short date to file his client’s bail application.
Justice Aluko while adjourned that matter to March 11, for hearing of the bail application, ordered that the defendant be remanded in prison custody, till the hearing and determination of the bail application.
The 53 years old engineer, according to the prosecutor, Mr. Sylvester Azubike, sometimes in 2019, induced a Lagos business man Taiye Fajana, the chairman of Twins Faja Nigeria Ltd, to deliver to him the sum of N40 million.
The prosecutor also told the court that the defendant, his company and the other said to be at large, issued Stanbic IBTC bank cheques with cheque number 20218203 and account number 00234349 dated October 30, 2019, in the sum of N20 million, drawn in favour of Twins Faja Nig Ltd, as part payment of a retuned of N40million, which he obtained through your Company’s account from Twins Faja Nigeria Limited, but when the cheque was presented at the bank, it was dishonoured for lack of sufficient funds.
The offences according to the prosecutor, contravened sections 1(1) of the Advance Fee Fraud and other Fraud related Offence Act, No. 14 of 2006 and punishable under section 1(3) of the said Act. And Section 1(a)(i) of the Dishonoured Cheques (Offences) Act, 2004.
