A Chief Magistrates’ Court docket, in a Wuse Zone Six Abuja, on Tuesday arraigned one Hule Sunday, for allegedly defrauding his enterprise companion of N10 million.
The prosecution counsel, Opeyemi Akanbi, whereas presenting the case instructed the courtroom that the complainant, Iliyasu Abdu, of Suite 22.1, Apo, Abuja reported the matter to the Inspector-Normal of Police Power Headquarters by way of a written petition on Aug 14.
He alleged that the defendant collected N10 million from the complainant as an funding right into a enterprise.
The prosecutor stated that the defendant promised that the maturity interval for returns on funding was for 3 months.
In response to him, on the expiration of the three months on Dec. 16, 2019, the defendant did not return the cash and as an alternative transformed it to his private use.
He stated the offence contravened the provisions of sections 309,312 and 322 of the Penal Code Legislation.
Nevertheless, Justice of the Peace Linda Chidama in her ruling admitted the defendant to bail within the sum of N500,000 with two sureties in like sum.
She adjourned the case till Oct. 21, for listening to, NAN reviews.