A 30-year-old man, Ishola Ajayi, on Friday, appeared before an Osogbo Chief Magistrates’ Court for allegedly defrauding a company of N11 million.
Ajayi, whose address was not provided, is facing a three-count charge, bordering on fraud and stealing.
He, however, pleaded not guilty to the charges.
The Prosecutor, Insp Kayode Adeoye , told the court that the defendant committed the offences in March at Bridge Hope Multipurpose Nigeria Ltd., Osogbo.
Adeoye said that the defendant did some business with the company and later disappeared.
“He was tracked by the police after the case was reported,” the prosecutor said.
According to him, the offences contravene Sections 422, 390 (9) and 467 of the Criminal Law of Osun , 2002.
Defense Counsel, Mr Afred Adegoke, urged the court to grant his client bail in the most liberal terms.
The Magistrate, Mr Adewara Adebayo, granted the defendant bail in the sum of N1 million, with two sureties in like sum.
Adedayo ordered that one of the sureties must be a civil servant on grade level 12 and the other a relative, with a landed property.
He said that the sureties must reside within the court’s jurisdiction and show evidence of tax payments to Osun government.
Adedayo, thereafter, adjourned the case till Jan. 20, 2022, for mention.