Forex Broker Arraigned For Bolting Away With Client’s $30,000 Dollars

P.M.EXPRESS reports that the incident happened on 21st November, 2023.

According to the Police, the suspect received the money from the complainant under the false pretence of exchanging the money as they had agreed. Rather than giving him the exchanged money, he bolted away and disconnected every communication he had with the complainant.

The matter was reported to the Police at Zone 2 Command Headquarters, Onikan, Lagos. The operatives moved into action, eventually arrested the suspect and detained him at the Command for interrogation.

After interrogation,  the Police found him culpable and consequently charged him before the Ebute Metta Magistrate Court for the alleged offence, which attracts several years of imprisonment.

The charges read:

“That you, Adebayo Ayodele ‘M’, and others now at large on the 21 November, 2023, in the Lagos Magisterial District, did conspire among yourselves to commit felony to wit: fraudulently converting the sum of 30,000.00 USD belong to Ajayi Gbenga Abiodun and thereby committed an offence punishable under Section 287 of the Criminal Law of Lagos State, 2015.”

COUNT II:”That you, Adebayo Ayodele ‘M’, and others now at large, on the same date, time and place in the aforementioned Magisterial District, did receive the sum of 30,000.00 USD belonging to Ajayi Gbenga Abiodun and thereby committed an offence punishable under Section 328 of the Criminal Law of Lagos State of Nigeria 2015.”

COUNT III:”That you, Adebayo Ayodele ‘M’, and others now at large, on the same date, time and place in the aforementioned Magisterial District, did obtain the surn of 30,000.00 USD belonging to Ajayi Gbenga Abiodun, under false pretence to be a Foreign Exchange broker and thereby committed an offence contrary to Section 314 of the Criminal Law of Lagos State, 2015.”

COUNT IV:”That you, Adebayo Ayodele ‘M’, and others now at large, on the same date, time and place in the aforementioned Magisterial District, did impersonate to be a Foreign Exchange broker and thereby committed an offence contrary to Section 38 of the Criminal Law of Lagos State, 2015.”

However, he pleaded not guilty.

The prosecutor, Supol Paul Ugorji, 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.

Thus, the Presiding Magistrate, Mrs. O.M.Ajayi, granted him bail in 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 pending when he will perfect his bail conditions.