An alleged “Money Doubler’’, Femi Oloyede, who defrauded a woman of N650,000 was on Monday in Lagos granted N200,000 bail with two sureties in like sum by an Ikeja Magistrates’ Court.
Oloyede, 48, who resides at Agege area, was arraigned before Mr T.O. Shomade on a two-count charge of stealing and obtaining under false pretences for the offence committed on June 12.
The Prosecutor, Insp. Raji Akeem, had told the court that the accused committed the offences on June 12 at First Bank Plc, Dopemu Agege.
He alleged that Oloyede conspired with others now at large, to fraudulently obtain N650,000 from the woman on the pretext of giving her double the amount, a representation he knew was false.
Akeem said that the complainant claimed that she was at a bus stop looking for a cab when the accused and his accomplices offered to give her a lift.
The prosecutor said that when the complainant entered the car, the accused introduced himself as a Money Doubler and told her to bring N650,000 to get double the amount.
He said that the complainant who had no idea that they were fraudsters, went to the bank to withdraw N650,000 which she gave to them.
Akeem said that Oloyede and his accomplices who had no intention of doubling the money for her converted the money to their personal use.
“When the complainant did not get any feedback from
Oloyede, she became worried and decided to give him a call.
“Sofola said that the accused told her to come and meet him at the bank.
“The complainant said that when she got to the bank, they told her to withdraw additional money and that was when she discovered that they were fraudsters.
“Sofola immediately alerted the security guards at the bank about her ordeal and the accused was apprehended while his accomplices escaped,’’ Akeem said.
He said the offences contravened Section 287 and 314 of the Criminal Law of Lagos State, 2015 as revised.
The accused, pleaded not guilty to the charges.
The News Agency of Nigeria (NAN) reports that Section 314 prescribes a 15-year jail term for obtaining under false pretences, if found guilty.
The Magistrate, Mr T.O. Shomade granted the accused bail in the sum of N200,000 with two sureties in like sum.
The magistrate adjourned the case until July 20 for further hearing.