A Chief Magistrates’ Court sitting at Mapo, Ibadan, on Thursday remanded a salesman, Mr. Samson Ajibola, 39, in a custodial centre over an alleged N608.8 million fraud.
Ajibola was arraigned on a two-count charge bordering on conspiracy and stealing but pleaded not guilty to the offences.
The Magistrate, Mrs. Victoria Olori-Oke, admitted the defendant to bail in the sum of N500,000, with two sureties in like sum.
She ruled that the sureties must be blood relatives of the defendant and adjourned the matter until February 26 for hearing.
Earlier, the prosecutor, Insp. Oluseye Akinola, told the court that the offence was committed on December 29 at the Orita-Challenge area of Ibadan, Oyo State.
Akinola said the complainant, Mr. Daniel Okoli, had entrusted Ajibola with goods valued at N608,800,000 to sell on his behalf.
He alleged that the defendant neither remitted the proceeds from the sales nor returned the goods, but instead offered what he described as unfounded excuses.
According to the prosecutor, the alleged offences contravene Sections 516 and 390(9) of the Criminal Code, Cap 38, Vol. II, Laws of Oyo State, 2000.
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