Oluseyi Olatunbosun, 39, was arraigned before a Tinubu Magistrate’s Court for allegedly obtaining 42,500 Australian dollars under false pretences.
Olatunbosun is charged with three counts of conspiracy, obtaining by false preferences, and stealing.
The defendant, who appeared before Magistrate O.S. Abioye on charge number P/10/2022, pleaded not guilty.
Mr Jimoh Joseph, the police prosecutor, told the court that the defendant and others still at large committed the crimes in the Mushin area of Lagos between April and December 2018.
He claimed the defendant defrauded one Mr Olayinka Abiodun out of 42,500 Australian dollars, or N10,625,000.
According to the prosecutor, the offences violate and are punishable under sections 411, 314, and 284 of the Lagos State Criminal Law 2015.
The defendant, however, pleaded not guilty to the charge, and Magistrate Abioye granted him bail in the sum of N500,000 with one surety in the same amount.
The magistrate ordered that the surety provide proof of gainful employment and tax payment to the government, as well as have his address verified.
The trial date has been set for October 6.