Metro

Man defrauded N5m by neighbour in bid to buy luxury cars

Published

8 years ago

April 26, 2016

Man defrauded N5m by neighbour in bid to buy luxury cars

An internet car dealer, Abiola Akinlolu had his day in court after he was arraigned before an Igbosere Magistrate’s Court on Monday for allegedly converting into personal use, the sum of N5m handed to him by his neigbour in a luxury car purchase deal which went awry.

Akinlolu was apprehended by security operatives of the Special Fraud Unit in Ikoyi after he reportedly defrauded Ikenna Ezeoka, of the alleged sum.

Reports say Ezeoka, in 2013, gave the sum of N5m to Akinlolu to help purchase two cars; a Ford Explorer 2007/2008 model and a Range Rover 2007 model.

After Ezeoka paid the sum into Akinlolu’s account, it was gathered that the defendant reneged on delivering the cars which were paid for by the complainant.

Akinlolu subsequently issued a dud Diamond bank cheque of N5m which was dishounoured when Ezeoka took it to a branch of the bank.

The defendant did all he could to get his money back but was even more miffed when he discovered that Akinlolu had moved out of his apartment in a bid to escape paying the sum he owes.

Akinlolu was eventually apprehended at his present residence on Samuel Awoniyi Street, Opebi, Ikeja on the 19th of January after initial efforts to locate his whereabouts proved futile.

Inspector Adoga Amedu, the SFU prosecutor who brought Akinlonu before Magistrate Ambibola Akomolafe on three counts of stealing and issuance of a dud cheque told the court that the offences of the defendant contravened sections 285, 319 and 409 of the Criminal Law of Lagos, 2011.

“That you, Abiola Akinlonu, and others at large, sometime in 2013, on Abbi Street, Mende, Maryland, Lagos, in the Lagos Magisterial District, did steal a sum of N5m, property of one Ikena Ezeoka.” The charges against Akinlolu read in part.

Continuing, the prosecutor said; “That you, and others at large, on the same date, time and place, in the aforesaid magisterial district, with intent to defraud, issued a Diamond Bank cheque No 0000004 valued at N5m in favour of Ikenna Ezeoka, knowing well that there was insufficient fund in your account and the cheque was dishounoured on presentation.”

Akinlolu was granted bail in the sum of N500,000 with one responsible surety after pleading not guilty to the charges leveled against him as the was adjourned till the 24th of May, 2016.

RipplesNigeria… without borders, without fears

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now