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Man allegedly defrauds Stanbic IBTC Bank of N60 million

An Ebute-Meta Chief Magistrates’ Court in Lagos, on Wednesday arraigned one Tajudeen Oladega for allegedly obtaining the sum of N60 million from Stanbic IBTC under the pretext of constructing a filling station.

Sgt. Kehinde Omisakin, the Prosecutor, told the court that the accused committed the offences sometime in 2016 at Stanbic IBTC Bank, Idejo St., Lagos.

According to the prosecutor, the accused approached the bank for a loan of N60 million for the construction of a petrol station.

An Ebute-Meta Chief Magistrates’ Court in Lagos, on Wednesday arraigned one Tajudeen Oladega for allegedly obtaining the sum of N60 million from Stanbic IBTC under the pretext of constructing a filling station.

Sgt. Kehinde Omisakin, the Prosecutor, told the court that the accused committed the offences sometime in 2016 at Stanbic IBTC Bank, Idejo St., Lagos.

According to the prosecutor, the accused approached the bank for a loan of N60 million for the construction of a petrol station.

The offences, he said, violated Sections 312, 319 and 419 of the Criminal Law of Lagos State 2015.

However, the Chief Magistrate, Mrs O.A. Komolafe, granted the accused to a bail of N10 million with two responsible sureties each in like sum.

julietsc Administrator
Juliet Nnadozie is a peace advocate, a character moulder, and a home builder. She is also a script writer, a movie director, producer, editor and an actress. She is the CEO Passions Global Media; an outfit that is into talent hunt and childrens drama productions.
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julietsc Administrator
Juliet Nnadozie is a peace advocate, a character moulder, and a home builder. She is also a script writer, a movie director, producer, editor and an actress. She is the CEO Passions Global Media; an outfit that is into talent hunt and childrens drama productions.

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