Fidelity bank card banner Camano banner
Ex-banker arrested over N1.5b fraud

By News Express on 26/01/2017

Views: 1,526

•Scale of Justice
•Scale of Justice

An ex-banker, who allegedly swindled 26 different people to the tune of N1.5 billion appeared before an Igbosere Magistrates’ Court in Lagos on Wednesday.

The accused, Adebayo Ogunusi, is standing trial on a 26-count charge bordering on fraud.

The Prosecutor, Sgt. Innocent Odugbo, told court that the accused committed the offences between May and August 2016 in Lagos.

He said that the accused obtained a total of N1.5 billion from 26 different people under the guise of giving them dollar equivalent of the money.

The prosecutor said that the accused promised to introduce the complainants to forex business but swindled them.

Odugbu said that the accused knew that the representation he made was false.

He said that the offences contravened Section 312 (1) (a) of the Criminal Law of Lagos State, 2011.

The accused, however, pleaded not guilty to the charges.

The Magistrate, Mrs F. O. Botoku, admitted Ogunusi to bail in the sum of N10 million with two sureties in like sum.

She ordered among other things that the accused should submit his traveling passport to the court and that the sureties must reside in Lagos State.

Botoku adjourned the case till Feb. 23 and Feb. 24 for trial.

The News Agency of Nigeria (NAN) reports that the accused was sometime in November 2016 also arraigned for similar offences and was granted the same bail conditions. (NAN)



Source News Express

Posted 26/01/2017 04:09:35 AM





You may also like...
Leo Stan Ekeh inspires youth with motivational tips...

Uhuru Kenyatta floors Raila Odinga to retain Kenya’s...

Presidency shares pictures of FG projects in ‘South...

Bauchi Gov. pledges to reduce poverty by 50...

Reject conditions for return of Abacha loot, Falana...

2019: Agbaje vows to free Lagos from godfatherism...

Forex: CBN boosts market with $210

Lagos intensifies clampdown on illegal jetties, boat operators...

5 policemen killed in US protest over shooting...

Alleged nepotism tears Oyo APC apart

Lagos demolishes structures built under high tension lines,...

Group Launches Crusade to Make Nigerian Air Space...


Latest News Canadian regional government declares August 3 Igbo Day Presidential Election Tribunal orders INEC to produce documents requested by PDP, Atiku Oshiomhole behind Edo House of Assembly crisis: Obaseki Couple falls from 9 storey building while having sex Herdsmen: Anarchy looming in Nigeria — CAN •Calls on Ndigbo to defend themselves True confession: We don't know whereabouts of remaining Chibok girls - FG Reps ask IGP to shut down Edo Assembly Surrender or risk calamity – GOC warns insurgents Outrage over Gbajabiamila’s appointment of APGA member as aide Community leaders move against land racketeers in Uzo-Uwani Enugu Court to hear El-Zakzaky’s application to travel abroad on Thursday Sex toy shop saga: Senate extends committee investigation on Elisha Abbo


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (508,537 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,108 views) Shameless Genevieve Nnaji exposes breasts in public (372,911 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,442 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (281,995 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (246,953 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (238,792 views) 10 cars more expensive than Jets (222,476 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (220,856 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,418 views) Lagos plane crash: Journalist releases victims’ names (188,098 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,740 views)


NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (96) Business & Economy (4,354) Business Verdict (76) Columnists (1,070) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (778) Global Business Monitor (395) ICT Monitor (53) International (3,719) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (338) News (48,726) Opinion (1,290) Pidgin (17) Politics (11,162) Religion (1,050) Sports (2,097) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera