A 40-year-old businessman, Jude Obiekwe, yesterday appeared at an Ikeja Magistrates’ Court for allegedly issuing a N5 million dud cheque.
Prosecuting Inspector Aondohemba Koti said the defendant committed the offence on May 6, 2017 at Mushin, Lagos.
He alleged that the defendant issued a N5 million cheque to Mr. Anenlimibor Irabor, which was dishonoured at the bank due to insufficient fund.
“The defendant approached the complainant for a loan of N5 millon to complete his plaza.
“After an agreement was reached, the complainant gave him the loan. But when it was time for the defendant to repay the loan, he gave the complainant a cheque.
“When the complainant presented the cheque at the bank, it was dishonoured.
“Efforts by the complainant to get his money proved unsuccessful, as the defendant refused to pick his calls.
“The complainant reported the case at the police station and the defendant was arrested,” the prosecutor said.
The defendant pleaded not guilty.
Magistrate M.O. Tanimola granted the defendant N200,000 bail with two sureties in the like sum.
She said the sureties should be employed and show evidence of two years tax payment to the Lagos State Government.
The case continues on February 27.
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