How 70-Year-Old Man Defrauded Nephew of N1.3m in Lagos

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A 70-year-old man in Lagos identified as Muyili Akande has been arrested and charged before an Isolo Magistrates’ Court for allegedly defrauding his brother’s son, Samson Akande, to the tune of N1.3m.

According to PM News, Muyili allegedly sold a property belonging to Samson’s late father and deceived Samson that he had kept the money in the bank and would hand it over when he becomes an adult.

When Samson became mature enough and demanded for the money to set up a business, he was told that the money was kept in First Bank at Lawanson branch and they agreed to go to the bank to withdraw the money. However, upon getting to the bank, he trickishly left Samson there, went back to their house, packed his property and absconded.

After waiting for Muyili for several hours in the bank, Samson went back home and discovered that Muyili who he regarded as his foster father had duped him.

The matter was reported to the police at Itire division and the police trailed him and arrested him at Ifo in Ogun State. He was brought to Lagos and charged to court for fraud under the Criminal Code but pleaded not guilty.

The presiding Magistrate, Mrs Joy Ugbomoiko subsequently granted him bail in the sum of N100,000 with two sureties in like sum and remanded him in prison custody pending when he will perfect his bail condition.

The case has been adjourned till 15 December, 2015.