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Reading: Ex-Punch staff charged with N950m fraud
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Nigeria

Ex-Punch staff charged with N950m fraud

Former Head of Copy Sales at Punch Nigeria Limited, Ogunbanjo Mikhail, has been arraigned in Lagos for allegedly defrauding two men of N950 ...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief March 09, 2023
Updated March 9, 2023 at 3:09 PM
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Ex-Punch staff charged with N950m fraud
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Ex-Punch staff charged with N950m fraud
Former Head of Copy Sales at Punch Nigeria Limited, Ogunbanjo Mikhail, has been arraigned in Lagos for allegedly defrauding two men of N950 million. Mikhail, a 45-year-old man, was charged with three counts of obtaining false pretences, forgery, and stealing. He appeared before the Sabo-Yaba Chief Magistrates Court, where he pleaded not guilty to the charges.

According to the prosecutor, ASP Rita Momah, the defendant committed the offences between January 2017 and December 2022 in Ikorodu, Lagos State. She explained that Mikhail obtained N450 million from Mr Olusola lkuyajesin and N500 million from Mr Durodola Balogun under false pretences of using the money to purchase stationeries. 

Momah further submitted that the defendant forged the organisation's Local Purchase Orders (LPOs) to carry out the acts contravention of Sections 287, 314, and 365 of the Criminal Law of Lagos State.

Despite pleading not guilty, the Chief Magistrate, Mrs Adeola Olatubosun, granted the defendant bail of N10 million with two sureties in like sum. 

Olatubosun ordered the defendant to deposit his international passport with the court and directed that one of the sureties must have a landed property within the court's jurisdiction. The case was adjourned until April 5 for the substantive hearing.

Tags: Nigeria

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