Man, 30, docked for alleged N17.5m fraud

A 30-year old man, Ugochukwu Onyeneri, was on Monday arraigned before a Sabo-Yaba Chief Magistrates’ Court in Lagos over allegations of fraudulently transferring N17.5 million.

Onyeneri, whose residential address was not given, pleaded not guilty to a charge of fraudulent transfer.

The Prosecutor, ASP Rita Momah, told the court that Onyeneri committed the offence between July 2022 and October 2022 at No 15, Cameroon Road, Ikoyi, Lagos.

She alleged that Onyeneri transferred the total of N17.5 million from the company’s Wallet account without the knowledge of his employer.

Momah stated that Ugochukwu Onyeneri fraudulently transferred the money from Funds and Electronic Transfer Solutions Ltd. to his First Bank account – 3047280677.

She said the offence contravened the Criminal Law of Lagos State, 2015 (Revised)

The Chief Magistrate, Mrs Adeola Olatubosun, granted bail in the sum of N10 million, with two responsible sureties in like sum.

Olatubosun ordered that one of the sureties must be a land owner in the court’s jurisdiction and show evidence of three years tax payment to the Lagos State Government.

She adjourned the case until Nov. 22 for mention.