Businessman, 45, Docked For Swindling MicroFinance Bank N10m With Dud Cheque  

 P.M.EXPRESS reports that the incident happened at the Bank’s branch located at Omotayo Street, Ogba area of Lagos.

According to Police sources, the suspect went to the Bank, borrowed the money and promised to pay back on a specified day. The Bank management believed him and gave him the loan.

However, on 11th August, 2022, when he was supposed to pay back, he went to the Bank, issued a dud cheque and then went away. When the management wanted to cash out the money from his account, it was discovered that his account was empty. Since then, he had been at large and the management was unable to locate him.

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

After thorough interrogation, the Police found him culpable and asked him to refund the money in order to make peace between him and the Bank management but he claimed that had no money to refund. The Police then charged him to Court for the alleged offence.

He pleaded not guilty when he was arraigned.

The prosecutor, Supol Benson Emerhi, 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 Magistrates, Mr. L.A Owolabi, granted him bail in the sum of N1m with two sureties in like sum, who must show evidence of means of livelihood and tax payment with addresses verified.

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