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Forex operator docked over $15,000 fraud

By Onozure Dania

Lagos—A 34-year-old businessman, Jeremiah Ejieke, was yesterday arraigned before an Ebute Metta Chief Magistrate’s Court, for allegedly stealing and obtaining several thousands of US dollars under the pretext of  investing it in a forex business.

The defendant is facing a 13-count charge bordering on obtaining under false pretext, stealing, fraud and issuing a dud cheque, preferred against him by the police.

The prosecutor, Inspector Richard Odigie, told the court that the defendant committed the alleged offences on November 24, 2014, at 82, Allen Avenue, in Ikeja area of Lagos.

Odigie said that Ejieke presented himself under the false pretext of being in a position to help complainants invest their money into forex trading, and he successfully obtained the sum of N845, 000 from the victims who are Ademola Babarinde, 7,500USD from one Olawole Omoyemi, 5,000USD from one Temitope Toriola and 2,500USD and from one Charles Madumere.

He also informed the court that on December 12, 2014, after the complainants suspected a fraud, and demanded for their money, the defendant issued a Zenith Bank dud cheque which was dishonoured for lack of sufficient funds.

According to the prosecutor, the offences committed are contrary to Sections 285 (9), 312 (3) (2) and punishable under sections 313 of the Criminal Law of Lagos State, 2011.

The defendant, however, pleaded not guilty to the charges against him.

Magistrate, Mrs O.I. Adelaja, granted the defendant bail in the sum of N1 million with two sureties in like sum who must be gainfully employed.

She further said that the sureties must pay the sum of N200, 000 each into the account of the Chief Registrar of the court and must show evidence of being the owner of a property.

Adelaja adjourned the matter till June 17, for mention.


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