A dealer in donkey skin, Ifeanyichukwu Philip, who allegedly duped a Chinese, Feng Zhao Zhu, of N10 million, was at the weekend brought before an Igbosere Magistrates’ Court, Lagos.
Philip, 49, was arraigned by the police before Chief Magistrate Afolashade Bokoku on a three-count charge of obtaining under false pretence, fraudulent conversion and stealing.
The Force Criminal Intelligence and Investigation Department (Force CIID), Alagbon-Ikoyi, Lagos, accused Philip of obtaining the sum on the pretext of supplying Zhu donkey skins.
Prosecuting counsel Morufu Animashaun, in a charge marked B/04/19, alleged that the defendant committed the offences on or about March 8, 2017, at 272A, Cooperative Estate, Festac Town, Lagos.
He alleged that following an agreement between Philip and Zhu, the Chinese transferred N10million to Phillip’s Polaris Bank account number 1040560081.
The court heard that after the Nigerian confirmed receipt of the cash, he failed to supply the skins and became evasive, following which the complainant petitioned the police.
Phillip pleaded not guilty.
His counsel, C. O. Idowu, applied for his bail “in the most liberal terms.”
“What happened between his client and the complainant was a purely business transaction,” he added.
Responding, Animashaun did not object, but observed that bail was at the court’s discretion.
Chief Magistrate Botoku granted Phillip N1million bail with two sureties in the like sum, among other conditions.
She remanded the defendant in prison custody pending the fulfilment of the bail terms and adjourned till February 21 for trial.