MAN DEFRAUDS IN LAW 9MILLION.

A 38-year-old man, Olumide Ogunbolude has
been arraigned before an Ebute-Meta Chief
Magistrate’s Court in Lagos State, for allegedly
defrauding his in-law, Taiwo Elegbede, of over
N9m. The money was meant to be used to
purchase a Range Rover SUV.
The incident happened in Alagbado area of the
state and the defendant’s wife happened to be a
sister to the complainant.
She was said to have introduced her husband to
Ogunbolude as a dealer, when he needed to
purchase a car in 2013. Following the
introduction, the accused was paid an initial sum
of $39,500, before being given an additional
N1.6m.
Ogunbolude’s inability to produce the car a year
after receiving the money led the complainant to
report the matter to the police in April, 2015.
The suspect however pleaded for more time and
was alleged to have later issued a dub cheque
when he could not meet up.
Following the issuance of dub cheque,
Ogunbolude was then arrested and charged to
court on Tuesday by detectives from the State
Department of Criminal Investigation, Yaba, on
three counts of fraud, stealing and issuance of a
dud cheque.
The charges read in part, “That you, Olumide
Ogunbolude, sometime in October 2013, on Ogo
Oluwa Street, Alagbado, Lagos, in the Lagos
Magisterial District, with intent to defraud, did
obtain the sum of $39,500 and the sum of N1.6m
only, total of N9,105,000 from one Taiwo
Elegbede under the pretext that you are in a
position to assist him to purchase a Range Rover
2011 model, a representation you knew to be
false.
“That you, on May 11, 2015, with intent to
defraud, did issue an Enterprise Bank cheque
leaflet no 19511754 for the sum of N9, 105, 000 in
favour of one Taiwo Elegbede, and when
presented for payment at the bank, was
dishonoured for insufficient funds to the credit of
the drawer of the cheque in the bank in which the
cheque was drawn.”
According to the police prosecutor, Matthew Ibe,
the offences were punishable under sections 312,
285 and 313 of the Criminal Law of Lagos State,
Nigeria, 2011.
Ogunbolude however pleaded not guilty to the
charges, while his defence counsel, F.S. Oladele,
applied for his bail in liberal terms.
In his view, the Chief Magistrate, I.O. Adelaja,
granted the accused bail in the sum of N500,000
with two sureties in like sum.
Adelaja adjourned the case till November 18.