The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a 34-year-old businessman, Tony Ajiboye, before the Lagos High Court in Ikeja for alleged N6 million fraud.
The News Agency of Nigeria (NAN) reports that Ajiboye who resides at No. 12 Adebayo St., Gbagada, Lagos, was arraigned on a two-count charge on obtaining money by false pretence.
The counsel to EFCC, Mrs Fadeke Giwa, alleged that the defendant had on March 25, 2010, collected the sum of N6 million from one Mr Ajiboye Oluwasegun under the pretence that he would supply petroleum products to the complainant.
She alleged that after receiving the money, the defendant refused to supply the products and became evasive.
The development, she alleged, compelled the complainant to petition the EFCC, which consequently led to Ajiboye's arrest.
According to her, the alleged offence contravened Section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.
Ajiboye had pleaded "not guilty" when the charges were read to him.
The Judge, Justice Lateefat Okunnu, ordered that the accused be remanded in prison custody pending the hearing of his bail application fixed for Dec. 20.