A 74-year-old businessman, Emmanuel Evbota, who allegedly defrauded a paint manufacturing company of N22.6m, was on Wednesday brought before an Igbosere Magistrates’ Court in Lagos.
Evbota, whose residential address was not given, is facing three counts of fraud, stealing and issuance of dud cheque.
The prosecutor, Sgt. Friday Mameh, said the accused committed the offences between January and December 2009 at the Berger Paints Nigeria Plc, 102 Oba Akran Avenue, Ikeja Industrial Estate, Lagos.
Mameh said the accused obtained various paints valued at N22.6m from the company under the pretext of selling the products and remitting the proceeds to the company’s account.
The prosecutor said the products allegedly obtained by the accused belonged to Berger Paints Nigeria Plc.
Mameh also told the court that the accused had intent to defraud, thereby issued a GTBank cheque worth N22.6m, which was dishonoured on presentation due to insufficient funds in his account.
According to him, the offence contravened sections 287 (7) and 314 (1) of the Criminal Law of Lagos State, 2015.
He said the offence also contravened Section 1 (b) and (I) of Dishonoured Cheque Offences Act, Cap 102, Laws of the Federation of Nigeria 1999, as amended.
The accused, however, pleaded not guilty to the charges.
In her ruling, the Magistrate, Mrs. Abimbola Komolafe, granted the accused bail of N5m with two sureties in like sum.