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ONDO TRADER ARRAIGNED OVER ALLEGED N10.12M FRAUD INVOLVING BUSINESS PARTNERS

cryptonews100_tggfrn by cryptonews100_tggfrn
July 19, 2026
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ONDO TRADER ARRAIGNED OVER ALLEGED N10.12M FRAUD INVOLVING BUSINESS PARTNERS
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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 two enterprise

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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 two enterprise

The defendant, who resides in Kanfasha, is dealing with a three-count cost of acquiring by false pretence, stealing and prison intimidation.

In line with the prosecutor, Inspector Nelson Akintimehin, the alleged offences had been dedicated in March 2026 when Ishaya reportedly collected N10,120,000 from Engineer Emmanuel Olamide Bakare and Alfred Monday for a enterprise transaction.

The prosecution instructed the court docket that the cash was paid into the defendant’s First Checking account for the acquisition of products. Nonetheless, he allegedly diverted the funds for private use as a substitute of finishing up the agreed transaction.

Police additional alleged that after the complainants demanded both the products or a refund of their cash, the defendant threatened to kill them by phone calls and textual content messages.

The prosecution mentioned the alleged offences contravene Sections 323, 383, 390(9) and 434 of the Prison Code, Cap. 37, Quantity I, Legal guidelines of Ondo State, 2006.

The defendant pleaded not responsible to all the fees.

Following the arraignment, the prosecution utilized for an adjournment to allow the police current their witnesses in the course of the trial.

Defence counsel, Henry Orisamuyiti, subsequently prayed the court docket to confess the defendant to bail.

In her ruling, Justice of the Peace Adedapo granted the defendant bail within the sum of N2.5 million with two sureties in like sum.

The court docket directed that the sureties should present proof of landed property in a very good space inside Akure, legitimate Nationwide Id Playing cards and present tax clearance certificates. It additionally ordered the police to confirm their residential addresses earlier than the bail circumstances might be perfected.

The Justice of the Peace additional dominated that the sureties might alternatively deposit N2 million into the Judiciary account as collateral.

The defendant was remanded in police custody pending the fulfilment of the bail circumstances.

The matter was adjourned till August 3, 2026, for listening to.



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