A 27-year-old clearing agent, Mustapha Yinusa was on Friday arraigned before an Apapa Magistrates’ Court for allegedly defrauding one Akinlade Olorunfemi.
A police source on a condition of anonymity told SHIPS & PORTS DAILY what transpired between the complainant and the defendant.
He said, “It is a business of clearing and forwarding, owned by Yinusa. He told the complainant to invest N400,000 as capital for the business on the grounds that Olorunfemi would receive a commission of N15,000 on a weekly basis which would be shared by both men.
“The complainant agreed to the terms and brought the capital. As the commission of N15,000 was not forthcoming, the complainant requested for the capital. The complainant then reported the matter to the police since Yinusa failed to refund the capital of N400,000.”
Yinusa is facing a three-count charge bothering on stealing.
The prosecutor, Sergeant Olusegun Kokoye told the court that the defendant committed the offence in November 2017 at Adegboyega, area of Amukoko, Lagos.
He said, “The defendant unlawfully obtained the sum of N400,000 from one Akinlade Olorunfemi to do business for him and share the profit, knowing same to be false.”
According to the prosecutor, the offences contravene Sections 314, 287 and 340 of the Criminal Laws of Lagos State 2015.
However, the defendant pleaded not guilty to the three-count charge.
The Chief Magistrate, A.O Awogboro granted the defendant bail in the sum of N100,000 with two responsible sureties in like sum. The sureties must furnish the court with proofs of tax payment, and one of the sureties must be a blood relation of the defendant.
She adjourned the case till March 21, 2018 for mention.
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