A 60-year-old house developer, Lukman Adewole, has been arraigned for allegedly obtaining N16.62 million from accommodation seekers fraudulently.
Adewole, whose address was not provided, is being charged before an Ikeja Magistrates’ Court.
He, however, pleaded not guilty.
The prosecutor, Insp Innocent Odugbo, said the defendant, on June 15, conspired with some others at large to fraudulently obtain money by false pretence.
Odugbo said the N16.62 million was obtained from Yekeen Olakunle, Asuquo Alex and others with the pretence to give them accommodation, which Adewole never did.
The offences breaches sections 411 and 314 of the Criminal Law of Lagos State, 2015.
The Magistrate, Mrs M. F. Onamusi, admitted the defendant to bail in the sum of N2 million with two sureties, who must be gainfully employed and provide evidence of three years’ tax payment.
She adjourned the case until Sept. 6 for mention.