A 29-year-old businessman, Ahmed Ismaila, was, yesterday, docked before an Igbosere Magistrate’s Court, Lagos, for allegedly obtaining petroleum products valued at N10.3 million, with a promise to pay back within a week.
The defendant is facing a four-count charge of conspiracy, obtaining, stealing and issuing of dud cheques preferred against him by the police.
The prosecutor, Idowu Olawale, told the court that the defendant and others, who are still at large, committed the alleged offences sometime in August 2013.
He said the defendant obtained petroleum products valued at N10,362,000, from one Khadija Awwal, who is the Chief Executive Officer of Cariads Petroleum Energy Limited.
Olawale also claimed that the defendant, on September 11, 2013, issued two dud cheques of N8 million and N2.3 million in favour of Cariads Petroleum, which was dishonoured when it was presented at the bank due to insufficient funds in his account.
According to the prosecutor, the office is punishable under Sections 409, 312 (B) and 319 (B) of the Criminal Law of Lagos State, 2011.
The defendant, however, pleaded not guilty to the charges against him.
Magistrate Ali Balogun granted the defendant bail in the sum of N3 million with two sureties in like sum.
She adjourned the matter to June 23 for mention.