A businessman, Oparah Kasaranchi, 52, has been arrested and arraigned before a Lagos Magistrate Court for allegedly collecting the sum of N3m from his business partner, Bright Onyebuchi since 2014 to invest in maritime business, a claim the Police said the accused knew to be false.
A Police source said that the arrest of the accused was ordered by the Assistant Inspector General of Police, AIG in charge of Zone 2 Command, Onikan, Lagos, Adamu Ibrahim following a petition by the complainant, Bright Onyebuchi.
And after investigation by Taiwo Abbass and his team, Karasachi was charged before an Igbosere Magistrate Court on a three count charge of felony to wit, obtaining money under false pretense and stealing.
Police Prosecutor, Ingobo Emby informed the Court in charge No B/92/2017 that the accused committed the offence in 2014 in Lagos.
Emby told the Court that the accused approached the complainant to lend him the sum of N3m to invest in Maritime business with a promise to refund the money to him at an agreed time, but that the accused failed to refund the money to the complainant till date.
He said that the complainant reported the matter to the Police when all his efforts to recover the money from the accused proved futile.
Emby said that the offenses the accused committed were punishable under sections 411,314(1)(a)(b)(3) and 287 of the Criminal Laws of Lagos State, 2015.
The accused, however, pleaded not guilty to the alleged crime in the open Court and Chief Magistrate A.F.O Botoku granted him bail in the sum of N100,000 with one surety in like sum and adjourned the case till 30 January, 2018 for mention.
