Two Men Arraigned Over Alleged N200m Fraud

The State Criminal Investigation Department (SCID) Panti, Yaba, Lagos has arraigned two men, Uwen Gentle, and Segun Mike before Justice Daniel Osiagor of a Federal High Court sitting in Ikoyi, Lagos.

They were docked before the court over their alleged involvement in fraud to the tune of N200 million.

According to the police, the suspected fraudsters allegedly committed the fraud under the pretence of having 20,000 metric tonnes of Automotive Gas Oil (AGO) popularly called diesel.

The police, through its lawyer, Joseph Eboseremen, informed the court that the defendants alongside others now at large conspired among themselves to commit the offences in June this year.

Eboseremen further told the court that the two men allegedly defrauded one Alhaji Yakubu Aminu, Chief Executive Officer of MMB Petroleum & Chemical Limited, of the said sum, with the false claims that they have the petroleum product for sale.

The prosecutor also argued that after the said Alhaji Aminu had paid the money, the two men and others failed and refused to give out the petroleum product, adding that it took the Police operatives a tough time before the defendants, could be apprehended and charged to court.

He said the offences contravene Sections 8 (4) and 1 (1)(a)(c) of the Advance Fees Fraud And Other Fraud Related Offences and are punishable under Section 1 (3) of the same Act.

But the duo pleaded not guilty to the charge, prompting their lawyer to orally apply for their bail. Instead, Justice Osiagor directed counsels to file necessary applications.

Consequently, Justice Osiagor ordered that the defendants be remanded in the custody of the Nigerian Correctional Services (NCoS), until Friday, October 28, when arguments would be taken on their bail applications.

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