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Your email address will not be published.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

Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and... Continue
The Lagos State Government is set to host the third edition of its flagship... Continue
The Father Abraham Movement, FAM, a civic awareness and policy-support platform, has called on... Continue
BY SUNDAY DARE  From Equatorial Guinea to Tanzania, from Accra to Addis Ababa, and... Continue
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede... Continue
President Bola Tinubu has arrived in Kigali, Rwanda, ahead of the 13th edition of... Continue
The President General of notable Niger Delta socio-cultural group, the Orashi National Congress, ONC,... Continue
Following his earlier nomination as the APC Consensus Candidate for 2027 Governorship race in... Continue
MICHAEL AKINOLA A man, Kolade Tosin, has been sentenced to death by hanging for... Continue
CYRIACUS IZUEKWE The Chairman of the Nigerian Bar Association Lagos Branch, Uchenna Ogunedo Akingbade,... Continue

UBA


Access Bank

Twitter

Sponsored