By Onozure Dania

Police, yesterday, docked a businessman, Ayodele Okikiolu, in Lagos for obtaining N25 million under false pretences.

The 33 years old Okikiolu is facing a three-count charge bordering on fraud, presentation of dud cheque and falsification of document before an Igbosere Magistrate’s Court in Lagos.

The Magistrate O. A. Ogunbowale granted him N5 million bail, with two sureties in like sum and adjourned the case to April 28 for mention.

Prosecutor, DSP Sunday Ekong, told the court that Oki-kiolu, in July 2015, obtained N25 million from one Ikenna Oparaugo, under the pretext of processing a bank loan.

The accused also promised to refund the money to Oparaugo after he would have obtained the credit facility, presenting a forged letter of offer of loan to Oparaugo and claimed that it was issued by the bank.