Bureau de change operator arrested for N22.6m alleged fraud

A Yaba Chief Magistrate Court has granted bail of N5m to a 41-year-old bureau de change operator, Oluwasegun Ajayi, who allegedly obtained N22.6m under false pretences.

The Chief Magistrate, Mrs. A. F. Adeeyo, who gave the ruling, said the accused should produce two sureties in like sum, with one of them being a blood relation who must not be self-employed.

Ajayi, whose address is unknown, had pleaded “not guilty” to a three counts of obtaining by false pretence, forgery and stealing.

Earlier, the prosecutor, Sgt. Ibijoke Akinpelu, told the court that the accused defrauded two persons of the sum of N22.6m on the pretext of converting the amount to U.S. dollars.

Akinpelu said Ajayi fraudulently obtained the sum of N4.1m from one Seindemi Olabayo and another N18.5m from one Oluwafemi Oladehinde, assuring them that the money would be converted to American dollars.

She said the accused also backed up his “fraudulent act by forging an FCMB bank’s statement of account.”

Akinpelu said the offences contravened sections 287, 315 and 365 of the Criminal Law of Lagos State, 2011.

The case was adjourned till April 6, 2017 for mention.