An Igbosere magistrate’s court in Lagos, yesterday, granted bail in the sum of N10 million to an ex-banker, Adebayo Ogunusi, 41, charged for swindling 26 people to the tune of N1.5 billion.
The magistrate, Mrs F. O. Botoku, admitted Ogunusi to bail in the said sum with two sureties in like sum. Magistrate Botoku ordered that the accused should submit his travelling passport to the court and that the sureties must reside in Lagos State. The accused, whose address was not given, is standing trial on a 26-count charge bordering on fraud. The prosecutor, Sergeant Innocent Odugbo, told the court that the accused committed the offences between May and August 2016 in Lagos.
According to the prosecutor, Ogunusi obtained a total of N1.5 billion from 26 different people under the guise of giving them the dollar equivalent of the money. Read more