A 36-year-old jobless man, Ugbo Ozuem, who allegedly defrauded a Lagos-based company of N4 million, was on Friday brought before an Igbosere Magistrates’ Court, Lagos.
Ozuem, whose address is unknown, is standing trial on a four-count charge of conspiracy, fraud, forgery and stealing.
The Prosecutor, Insp. Ingobo Emby, told the court that the accused, with others still at large, committed the offences between December 2014 and January 2015 at Asset Resource Management Company Ltd (ARM) at No.1, Mekunwen Road, Ikoyi, Lagos.
He said the accused obtained N4 million from ARM under the guise of being the owner of ARM mutual funds redemption form, bearing the name of one Mrs Sarah Joseph.
“The accused forged the ARM’s mutual funds redemption form and used it to withdraw the money.’’
He said the offences contravened Sections 285 (1), 312 (1) (a), 363 (1) and 409 of the Criminal Law of Lagos State, 2011.
The accused pleaded not guilty.
After listening to the plea of the counsel to the accused for bail, the Magistrate, Mrs A. A. Famobiwo, granted him bail in the sum of N250, 000 with two sureties in like sum.
She said the sureties must be gainfully employed.
The magistrate adjourned the case to April 30 for mention.
