Nigerian Police personal arraigned a younger man, Joshua Adeyinka Kayode for allegedly defrauding over 100 folks to the tune of N10.7 billion.The Nigerian police personal arraigned a younger man, Joshua Adeyinka Kayode, (22), sooner than a Federal High Court sitting in Lagos, for allegedly the use of a faux investment plan to defraud 170 folks to the tune of N10.7 billion.
He became arraigned on Thursday sooner than Justice Tijjani Ringim on 170 counts of conspiracy and obtaining money by fallacious pretence alongside his firm, Quintessential Funding Company Dinky, by the males of Power Criminal Investigation Division (ForceCID) Annex, Alagbon-Ikoyi, Lagos.
Counsel for the prosecution, Williams Tijjani, told the court that the defendant and others now at beautiful, committed the offences between July 2020 and March 2021.
He moreover told the court that the defendant defrauded the victims beneath the pretence of fallacious a few returns on investment.
In accordance to the prosecutor, the offences committed by the defendant are contrary to and punishable beneath sections 8(a) and 1(1) (a) (c) of the Reach Price Fraud and other Fraud Connected Offences Act 2006.
The defendant, nonetheless, denied the allegations and pleaded not responsible to the entire counts.
Upon a not-responsible plea, the prosecutor, requested the court to remand him within the custody of the Nigerian Correctional Companies and products (NCoS), pending when his bail application can be heard and certain.
Counsel to the defendant, Snr Suggest of Nigeria, Mr Emeka Okpoku, didn’t oppose the prosecutor’s remand application, nevertheless as a replace requested the court for a short date to enable him file the bail application.
After taking impress of the submission of events, Justice Tijjani Ringim, adjourned the subject till August 11, for the listening to of the defendant’s bail application.
Justice Ringim moreover ordered that the defendant be remanded within the custody of the NCOS, till the listening to and backbone of his bail application.