Ex-Banker Arraigned For Allegedly Defrauding 26 People Of N1.5bn

An Igbosere magistrate’s court in Lagos, yesterday, granted bail in the
sum of N10 million to an ex-banker, Adebayo Ogunusi, 41, charged for swindling 26 people to the tune of N1.5 billion.

magistrate, Mrs F. O. Botoku, admitted Ogunusi to bail in the said sum
with two sureties in like sum. Magistrate Botoku ordered that the
accused should submit his travelling passport to the court and that the
sureties must reside in Lagos State.

The accused, whose address was not given, is standing trial on a 26-count charge bordering on fraud.

prosecutor, Sergeant Innocent Odugbo, told the court that the accused
committed the offences between May and August 2016 in Lagos.

According to the prosecutor, Ogunusi obtained a
total of N1.5 billion from 26 different people under the guise of giving
them the 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 informed the court that the
offences contravened Section 312 (1) (a) of the Criminal Law of Lagos
State, 2011.

When the charge was read, Ogunusi pleaded not
guilty and the case was adjourned till February 23 and 24 for trial. It
was gathered that the accused was, sometime in November 2016, also
arraigned for similar offences and was granted the same bail conditions.