How Nigerian Businessman Allegedly Duped Chinese Companies Of Almost N50 Milion

A businessman in Nigeria who reportedly duped some Chinese companies of N49.6 million has being arrested and brought before  a Magistrate Court in Lagos.

 The man idenified as Vincent Igwe, according to Pm News, allegedly obtained  the sum of N49.6 million from the management of the Chinese companies named LIAO MEIMEI and ZONIA KAP under false pretence.
 He was arrested on a two-count charge of felony to wit, obtaining money via false pretence and stealing.

 The prosecutor, Inspector Adoga Amamdu told the court that the accused committed the offence in 2016 at Surulere in Lagos saying that he collected N49.6 million from the Manager of the Chinese Companies located  at 20, Olukele Street, Surulere, Lagos under false pretence of suppplying them wooden logs, but failed to do so and escaped with money.
 The accused, Vincent Igwe pleaded not guilty and was admitted on bail in the sum of N1million with two sureties in like sum by Chief Magistrate A.O Sholadoye.
 Mr. Sholaoye adjourned the case till July 3rd and the accused was moved to Ikoyi Prison, in Lagos till he fulfils his bail condition.

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