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Bureau de change operator in court over alleged N2.95m fraud


Mufutau Bakare, a 38-year-old Bureau de change operator, on Friday appeared before a Tinubu Magistrates’ Court for allegedly defrauding a client of N2.954 million.

Bakare, who was arraigned on a three-count charge of conspiracy, fraud and theft, pleaded not guilty to the charge.

The Prosecutor, ASP Edet Okoi, told the court that the defendant committed the offences on Oct. 5, 2020 at 10:00a.m on Glover Road, Ikoyi, Lagos.

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He alledged that the defendant swindled his client, Alpha and Jam Limited of N2.954million under the pretext of changing the money to its equivalent, $7,000.

“After the money was sent to Bakare, he could not get the complainant the agreed $7,000 and did not refund the N2.954 million sent to him.

“The offences contravene Sections 287, 323 and 411 of the Criminal Law of Lagos State, 2015,” he said.

The Chief Magistrate, Mrs O.O. Oshin, granted the defendant bail in the sum of N200,000 with one surety in like sum.

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She adjourned the case until Feb. 22 for hearing.

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