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Lagos businessman bolts with N530, 000 mast money

A 39-year-old businessman, Rashidi Yusuf, who allegedly obtained N530,000 on the pretext of buying a 120-ft. mast for a man, has appeared before an Apapa Magistrates’ Court, Lagos.

Yusuf, a resident of Apapa area of Lagos, is facing a two-count charge of obtaining money under false pretences and stealing.

The Prosecutor, Insp. Tony Elibeh, told the court that the accused had on April 28 obtained N530, 000 from the complainant (name withheld) on the pretext of buying a 120-ft. mast for his site within one week but failed to do so.

“The complainant said when he confronted the accused, he started giving excuses and also refused to refund his money.’’

The offences contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.

Section 285 provides three years imprisonment, while Section 312 prescribes a 15-year jail term, according to the News Agency of Nigeria (NAN).

The accused, however, pleaded not guilty to the charges.

In his ruling, the Chief Magistrate, Mr Titus Abolarinwa, granted the accused a N300, 000 bail with two sureties in like sum and adjourned the case to Aug. 24 for mention.


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