62-year-old marketer charged over N21m fraud
A marketer John James who allegedly impersonated as a dispatched delivery man of Oxford Hydrocarbon ltd company and forged transfer of funds instruction from the Ecobank Plc account number of the company to transfer the sum of N21million, to a zenith bank account was on Thursday charged before an Igbosere Magistrate’s Court Lagos.
The defendant who is 62 year old and resides at 23b, Anuoluwapo Street in Egbe area of Lagos, is standing trial on a four count charge of conspiracy, forgery, impersonation and attempted fraud preferred against him by the police.
James pleaded not guilty to the offence.
Magistrate Mrs. O. O Oshin granted him bail in the sum of N500,000, with two sureties in like sum.
Stating that one of the sureties must be a civil servant of level 12, show evidence of tax clearance and addresses to be verified.
Earlier the prosecutor Sergeant Cyriacus Osuji had told the court that the defendant conspired with others at large to commit the alleged offences.
He said that the incident occurred on April 11, 2017, at about 10:30 am at Ecobank Plc in Lagos.
Osuji also said that James forged transfer of funds instruction of Oxford Hydrocarbon Ltd company account holder of Ecobank and transferred the sum of N21million to Zenith bank account.
He further stated that the defendant impersonated as a dispatched rider of Oxford Hydrocarbon ltd company which he is not.
The prosecutor said that the defendant also attempted to defraud the company of the said sum above.
According to him, the offences committed is punishable under sections 409, 361 (b),criminal law of 2011 and 318 of the criminal law of Lagos state 2012.
It is also punishable under section 404 of the criminal law of Lagos state 2011.
However after taking the plea of the defendant, Magistrate Oshin, adjourned the case till May 10, for mention.
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