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HomeForex TradingLagos foreign exchange dealer in court docket over N221m theft

Lagos foreign exchange dealer in court docket over N221m theft

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The police have arraigned a foreign exchange dealer, Temitope Badmus, for allegedly stealing N221.6m from six buyers.

Our correspondent gathered that the 36-year-old allegedly collected the cash from the complainants on the pretext of buying and selling with it on Foreign exchange On-line buying and selling platform.

Badmus was arraigned earlier than Justice of the Peace A.O. Salawu on six counts of stealing.

The prosecutor, Godwin Oriabure, who held temporary for the prosecution counsel, J. Ebosereme, stated the offences contravened Part 280 and had been punishable beneath Part 287 (9) of the Prison Legislation of Lagos State, Nigeria, 2015.

The fees learn partially, “That you just, Temitope Badmus, from February 2022 to September 2022 at No 2, Taiwo Shut, Surulere, Lagos, within the Lagos Magisterial District, did obtain and stole by fraudulent conversion to your use the sum of 93,300,000 that was meant so that you can commerce with on Foreign exchange On-line buying and selling platform, property of 1 Oladimeji Akolade, thereby committing an offence.”

The defendant pleaded not responsible to the costs.

Justice of the Peace Salawu admitted the defendant to bail within the sum of N3m with two accountable sureties in like sum, who should have landed property in Lagos State.

The case was adjourned until February 23, 2023, for point out.

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