Man Remanded In Prison For Defrauding Stanbic IBTC N60million

An Ebute-Meta Chief Magistrates’ Court in Lagos, on Wednesday, arraigned one Tajudeen Oladega for allegedly getting the sum of N60 million from Stanbic IBTC with the pretext of constructing a gasoline station.

Sgt. Kehinde Omisakin, the lawyer, told the court that the defendant committed the offences sometime in 2016 at Stanbic IBTC Bank, Idejo St., Lagos.

According to the lawyer, the defendant approached the bank for a loan of N60 million for the development of a petroleum station.

“When it was, however, time to pay back, the accused presented various cheques, which were all dishonoured for lack of sufficient funds,” he said.

The offences, he said, violated Sections 312, 319 and 419 of the Criminal Law of Lagos State 2015.

However, the Chief Magistrate, Mrs O.A. Komolafe, granted the accused to a bail of N10 million with two responsible sureties each in like sum.

The accused, however, pleaded not guilty.

The case was, thereafter, adjourned till Oct. 25, for mention.