Man, 40, Arrested For Swindling DAMA Pharmaceutical Company N20m 

Posted on July 26, 2022
CYRIACUS IZUEKWE 
 
 
Police operatives from the Area G Command, Ogba, Lagos, have arrested a 40-year old man, Agboola Tayo, for allegedly swindling DAMA Pharmaceutical Company Limited, the sum of N20m under the false pretence of supplying them a transformer but he bolted away.
P.M.EXPRESS reports that the incident happened at Iju Road, Ifako Ijaiye area of Lagos, where the company is located.
According to Police sources, the company contacted Tayo to supply them 750 KVA3310415KVA transformer for the factory and paid the money to his account.
However, having obtained the money, he bolted away and disconnected every communication he had with the company.
For several months after the period he gave the company that he will supply the transformer had elapsed, he was unable to do so.
The matter was reported to the Police and he was trailed. He was eventually arrested and detained at the Command for interrogation over his criminal conduct.
During interrogation, the Police asked him to refund the money since he was unable to supply the transformer but he said he had no money to pay the company because he had spent the whole money.
The Police therefore, found him culpable and subsequently charged him before the Ogba Magistrates Court for fraud.
He pleaded not guilty before the Court when he was arraigned.
Hence, the prosecutor, Ajayi Emmanuel, 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, Mrs. A.A. Adetunji, granted him bail and ordered his remand in the Correctional Centre at Kirikiri town, Lagos, pending when he will perfect his bail conditions while the matter was adjourned for mention.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

The country is currently facing an energy crisis characterized by widespread unreliability of power... Continue
CYRIACUS IZUEKWE Nigeria is on the verge of creating State Police, more than six... Continue
The All Progressives Congress Presidential Campaign Council has uncovered a well-orchestrated, devious plan by... Continue
ADEOLA OGUNLADE The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD),... Continue
CYRIACUS IZUEKWE Four men have been arraigned before a Lagos Magistrate Court sitting in... Continue
The Pan Niger Delta Forum, PANDEF, has mourned the passing of Pa Reuben Famuyide... Continue
MICHAEL AKINOLA  Billionaire philanthropist and donor of the new Lagos State Security Trust Fund... Continue
Bayelsa State Governor, Senator Douye Diri, has been honoured with the Outstanding Contribution to... Continue
Unilever Nigeria Plc has released its unaudited financial statement for the nine-month period ended... Continue
AISHA ABUBAKAR  The family of Lagos billionaire, Chief Razaq Akanni Okoya has disputed Mr.... Continue

UBA


Access Bank

Twitter

Sponsored