The police yesterday arraigned a man, Omolayo Kayode, at the Federal High Court, Ado-Ekiti, the Ekiti State capital, for allegedly defrauding a businessman, Eric Ben, of N19.6 million.
Police prosecutor Femi Falade told the court that the accused committed the offence between August and September 2012 in Ado-Ekiti.
The charge sheet reads: “That you, Omolayo Kayode, sometime between August and September 2012 in Ado-Ekiti, within Ado-Ekiti Judicial Division, under false pretense of being a forex trader and with intent to defraud.
“You did obtain the sum of N19,600,000 from Eric Ben.”
Falade also told the court he had three witnesses to prove his case, praying for an adjournment to enable him prepare for the case.
The prosecutor opposed the motion for application for bail by counsel to the accused, Rotimi Adabembe.
The accused pleaded not guilty to the one-count charge against him.
Adabembe, counsel to the accused, filed a 44-paragraph affidavit for bail in favour of his client in pursuant to sections 158 to 165 of the Administration of Criminal Justice Act, 2016.
Justice Donatus Okorowo admitted Kayode to bail at N5,000,000 and one surety.
Justice Okorowo said the surety must have a landed property within the court’s jurisdiction worth N5,000,000 and that the Certificate of Occupancy be submitted to the court’s registrar.
He adjourned the case till November 23 and December 7 for hearing. The Nation