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Man remanded for allegedly defrauding US-based businessman


A 63 – year – old man , Ogbonyomi Taiye , has been remanded in the Ikoyi Prison by an Ebute- Meta Magistrate ’ s Court for fraud pending when he will fulfil his bail conditions .

Taiye was arraigned in two separate charges by the police from the State Criminal Investigation and Intelligence Department , Yaba .

He was alleged to have defrauded one James Okolo , a United States -based Nigerian businessman of the sum of N 33 . 8 m after reportedly failing to supply him Bony Light Crude Oil .

The suspect was alleged to have also defrauded one Dr Godknows Itamunoala of the sum of N1 . 8m in a similar deal in June 2018 .

The first charge read in part , “That you , Ogbonyomi Taiye , and others at large , on February 12 , 2018 on Ariyo Street, Ejigbo area of Lagos State, in the Lagos Magisterial District , with intent to defraud , did obtain the sum of N33 . 8 m from one James Okolo of C & T Majesty Global Trading Co . Limited under the pretext of supplying Bony Light Crude Oil to him , a representation you knew to be false… .”

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The second charge read in part , “ That you , Ogbonyomi Taiye, and others at large , on June 21 , 2018 , at Lagos , in the Lagos Magisterial District, with intent to defraud , did obtain the sum of N1 . 8m from one Dr Godknows Itamunoala , under the pretext of supplying Bony Light Crude Oil to him . ”

The police prosecutor, Cyril Ejiofor, said the offences were punishable under sections 411, 314 and 280 of the Criminal Law of Lagos State, Nigeria, 2011.

The magistrate , A. O. Komolafe , admitted him to bail in the sum of N 5m with two sureties in like sum on the first charge, and N 100, 000 with two sureties in like sum on the second charge .

The Kogi State indigene was remanded in prison pending the fulfilment of the bail conditions as the case was adjouned till September 17 , 2018.

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