A 36-year-old dealer, Titus Ishaya, has been arraigned earlier than a Justice of the Peace’s Courtroom in Akure, Ondo State, over allegations of defrauding his enterprise companions of N10.12 million and threatening to kill them after they demanded a refund.
Ishaya, who resides in Kanfasha, is dealing with a three-count cost bordering on acquiring by false pretence, stealing and felony intimidation.
The prosecutor, Inspector Nelson Akintimehin, instructed the court docket that the defendant allegedly obtained N10,120,000 from Engineer Emmanuel Olamide Bakare and Alfred Monday in March 2026 for a enterprise transaction.
In response to the prosecution, the cash was transferred into the defendant’s First Checking account, however he allegedly transformed the funds to private use as a substitute of finishing up the agreed transaction.
The police additional alleged that when the complainants demanded both the products or a refund of their cash, Ishaya threatened their lives by way of cellphone calls and textual content messages.
The offences are mentioned to contravene Sections 383, 390(9), 434 and 323 of the Felony Code, Cap. 37, Vol. I, Legal guidelines of Ondo State, 2006.
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The defendant, nonetheless, pleaded not responsible to all three counts.
Following an software by the prosecution, the matter was adjourned to permit the police assemble their witnesses.
Defence counsel, Henry Orisamuyiti, subsequently urged the court docket to grant his consumer bail.
In her ruling, Justice of the Peace Adedapo admitted the defendant to bail within the sum of N2.5 million with two sureties in like sum.
The court docket directed the sureties to supply proof of landed property in a superb location inside Akure, legitimate Nationwide Id Playing cards and present tax clearance certificates.
The Justice of the Peace additionally ordered the police to confirm the residential addresses of the sureties earlier than the bail circumstances might be perfected.
Alternatively, the court docket dominated that the sureties may deposit N2 million as collateral into the Judiciary account.
The defendant was remanded in police custody pending the fulfilment of the bail circumstances.
The case was adjourned till August 3, 2026, for listening to.
