A 56-year-old man, John Yakubu, appeared before the Iyaganku Magistrates’ Court in Ibadan on Wednesday, facing charges related to a N4.9 million fraud.
Yakubu was arraigned on counts of obtaining money by false pretences and stealing, to which he pleaded not guilty.
Prosecutor Inspector Samuel Owolabi told the court that the alleged offences occurred in January at Ojoo, Ibadan. According to Owolabi, Yakubu obtained N4.9 million from one Aminu Aliu under the pretense of selling him a Toyota Corolla but failed to deliver the vehicle and instead converted the money for personal use.
The offences contravene Sections 390(9) and 419 of the Criminal Law of Oyo State, 2000.
Magistrate Gladys Olanrewaju granted Yakubu bail in the sum of one million naira, with two reliable sureties in like amount. The case was adjourned until October 27 for hearing.
