Man, 27, Docked For Allegedly Swindling Security Company Of ₦5.45M

P.M.EXPRESS reports that the incident happened between August 2025 to April, 2026 at Balogun Street, Taiwo Close, Off Kudirat Abiola way, Oregun, Ikeja,  Lagos.

According to the Police, the suspect fraudulently obtained the sum of ₦5,450,000 under the pretense of supplying security equipment for a client of Real Strikers Security Limited.

However, the suspect never had the intention or capacity to deliver the equipment. Instead, the funds were allegedly diverted for personal use, leaving the company with financial losses and an unfulfilled contract.

The matter was reported to the Police. The suspect was arrested and detained for interrogation over his alleged conduct.

After thorough interrogation, the Police found him culpable and charged him before the Ogba Magistratesl Court for the alleged offence which attracts several years of imprisonment.

The charges read:

COUNT 1: “That you, James Ugboko ‘m’ between August 2025 to April, 2026 at   Balogun Street, Taiwo Close, Off Kudirat Abiola way, Oregun, Ikeja, in the Lagos Magisterial District, did fraudulently obtain the sum of Five Million, Four Hundred and Fifty-Thousand Naira Only (N5,450,000) under the pretense of supplying security equipment for Real Strikers Security Limited’s client and thereby committed an offence punishable under Section 314 of the Criminal Law of Lagos State of Nigeria, 2015.”

COUNT II:”That you, James Ugboko ‘m’ on the same date, time and date in the aforesaid Magisterial District, did steal the sum of Five Million, Four Hundred and Fifty-Thousand Naira Only (N5,450,000) property of Real Strikers Security Limited and thereby committed an offence punishable under Section 287 of the Criminal Law of Lagos State of Nigeria, 2015.”

COUNT III:”That you, James Ugboko ‘m’ on the same date, time and date in the aforesaid Magisterial District, did create fictitious names to enable the payment of money into your account and thereby committed an offence punishable under Section 363 (1a) of the Criminal Law of Lagos State of Nigeria, 2015.”

He pleaded not guilty.

The prosecutor, Supol Josephine Ihkayere, then asked the Court to give a date for hearing since he pleaded not guilty to enable the Police to prove that he actually committed the alleged offence.

The Presiding Magistrate, Mr. L.A. Owolabi, granted him bail with two sureties, who must show evidence of means of livelihood and tax payment while addresses will be verified by the Court.

The matter was adjourned for mention while the defendant was remanded in custody at the correctional center at Kirikiri town, Lagos, pending when he will perfect his bail conditions.