Bureau De Change MD In Police Net For Swindling Company Of N27m

MICHAEL AKINOLA 

The Managing Director of a Bureau De Change, known as Snovie Enterprises,  Nnamdi Onyeka, has been arrested for allegedly swindling the owner of Sivina Food and Cosmetics Limited to the tune of the sum of N27m under false pretence in Lagos State. 

 

P.M.EXPRESS reports that the incident happened at Plot 46, Road 901, New Hawen Estate, Iba area of Lagos, where the company is located.

 

According to the Police, the suspect,  Onyeka, collected the money in question from the owners of the company,  Chinedu Onuorah and Somadina Okorie, under the false pretence of converting the money into Chinese currency to purchase mobile phone accessories and other items.

 

However, after he collected the money,  he converted it to his own use and started threatening them with diabolical means to instill fear and warned them not to ask for the money. He blocked their phones contact, disconnected every communication he had with them and bolted away with the money.

 

The matter was reported to the Police at Area M Command, Idimu headquarters. The operatives trailed, eventually arrested and detained him at the Command for interrogation over his alleged conduct.

 

During interrogation, the suspect admitted to have collected the money but did not explain why he converted the money, started threatening the complainant and did not refund the money.

 

The Police found him culpable and charged him before the Ejigbo Magistrate Court for the alleged offence, which attracts several years of imprisonment.

 

He pleaded not guilty.

 

The prosecutor, Supol Benedict Aigbokhan, 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, K.A. Ariyo, granted him bail in the sum of N2m with two sureties in like sum, who must show evidence of means of livelihood and tax payment while addresses will be verified by the Court.

 

The matter was adjourned till 6th September, 2024, 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.