A 27-year-old man, Kingsley Ighodalo, was on Tuesday arraigned before an Ogudu Magistrates’ Court for allegedly defrauding a company of a Mercedes-Benz, valued at N40 million.
He is facing a three-count charge bordering on conspiracy, obtaining by false pretense, and stealing.
The prosecutor, Insp Donjour Perezi, told the court that the defendant committed the offences on May 22, 2024, at about 11.30 am within the Ikeja Magisterial District.
Perezi alleged that the defendant fraudulently obtained a 2016 Mercedes-Benz GLE 400 with registration number BDG 390 HA, valued at N40 million.
He said the defendant acquired the vehicle on loan from Auto Check Company under the false pretext of repayment.
He said that instead of making repayments, Ighodalo allegedly removed the vehicle’s tracker and sold the car for N38 million without the company’s consent, though the original documents were with auto check.
Magistrate Mrs S.K. Matepo granted the defendant bail in the sum of N10 million with two sureties in like sum and adjourned the case until Oct. 13 for mention. (NAN)