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A Magistrate Court in Osogbo, State of Osun has remanded a middle aged man, Sikiru Oladipo in prison custody for allegedly defrauding one Chief Akinwekomi Ebenezer the sum of N4,116,500.

The State Counsel, Adekunle Adeniyi briefed the court that the accused on the 20th of March, 2012 around Stanbic IBTC Bank in Osogbo, conspired with one Abayomi Akande who is now at large to defraud Ebenezer the aforementioned amount of money, which belonged to one Gracious Farmers Cooperative Society.

Adeniyi said that the offence is contrary to section 1 (1) (a) and punishable under sections 1 (3) and 8 (a) of the Advanced Fee Fraud and Other Related Offences Act, Laws of the Federation of Nigeria, 2010.

He added that the offence is also contrary to section 1 (1) (a) and punishable under section 390 (9) of the Criminal Code, Cap 34 Vol. II, Laws of Osun State of Nigeria 2002.

In his plea, the accused pleaded not guilty of the offence levelled against him and his counsel, Barrister Kazeem Badmus prayed to the court to grant him bail.

However in his ruling, Magistrate M. A Awodele ordered that the accused be remanded in Ilesa prison custody and adjourned the case till January 8, 2018.

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