Lawyer, 2 others remanded in prison for N155m property fraud

Posted by Moji Eniola | 20 February 2018 | 2,385 times

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A Lawyer, Idowu Michael, was on Monday at an Ikeja High Court, Lagos, remanded in prison alongside two others for defrauding an unsuspecting man of N155 million in property transactions.

The two other suspects are Mukaila Fakos and Rasaq Adeshina.

Justice Hakeem Oshodi ordered the remand of the trio following their not guilty plea to an 11-count charge of conspiracy to effect an unlawful purpose.

The charges also included fraudulent disposal of trust property, stealing, obtaining money by false pretense, forgery and unadulterated uttering of false document among others.

According to the prosecution led by Mr Emmanuel Jackson, the defendants alongside two others, Babatunde Smith and Adigun Smith, who are at large, conspired to commit the offences in 2009.

He said the accused perfected the unlawful and unauthorised sale of property belonging to Mr Idowu Balogun at No 2, Kayode Taiwo St., Magodo in Lagos without his permission or consent.

“Adeshina and Fakos sold the landed property to Micheal for N35 million and fraudulently converted the money to their own use and benefit.

“In 2010 at Ikeja, they conspired to obtain the sum of N120 million from Lanre Obiesan by false pretence.

“They falsely represented to Obiesan that they were authorised to sell the land property located at No. 5c, Micheal Ogun St., GRA Ikeja, Lagos.

“The accused unlawfully sold the property belonging to Mr Idowu Balogun and Musbal Nig. Ltd to Obiesan.

“They also forged documents titled ‘Special Resolution of Musbal Nig. Ltd’ dated Dec. 8, 2010, ‘Form CAC 7’ and ‘Consent Letter by Ayoola Fakos’.

“They also uttered the false documents to Guaranty Trust Bank through its member of staff to act upon as genuine,” Jackson said.

The offences are in violation of Sections 390(9), 434, 465, 467, 516 and 518(6) of the Criminal Code Laws of Lagos State 2003.

The offences are also in violation of Sections 1(1)(a), 1(3) and 8(a)

of the Advance Fee Fraud and Other Related Offences Act of 2006.

Justice Hakeem Oshodi adjourned the case till Feb. 26 for the hearing of the defendants bail application. (NAN)


Source: News Express

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