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Businessman docked over alleged N100m fraud


UBAA manager of a company, Christopher Henshaw, who allegedly obtained N100 million from a bank under the pretext of financing a contract, was on Friday arraigned in an Igbosere Magistrates’ Court, Lagos.

Henshaw, 35, whose address was not given, is standing trial on a two-count charge bordering on conspiracy and fraud.

The prosecutor, CSP Effiong Asuquo, told the court that the accused committed the offences sometime in February 2014, in Lagos.

He said that the accused allegedly obtained N100 million from the United Bank for Africa (UBA) under the guise that his company, Bridgegate Deepwater Technology Ltd., had a contract with Chevron Nigeria Ltd.

The prosecutor alleged that the accused made a false representation to the bank that his company had manpower supply contract with Chevron for which Chevron had domiciled the money for the contract in UBA.

Asuquo said that the accused knew that the representation he made to UBA was false.

He said that the offences contravened Sections 312 and 409 of the Criminal Law of Lagos State, 2011.

The accused, however, pleaded not guilty.

The Magistrate, Mrs A. O. Komolafe, admitted the accused on bail in the sum of N10 million with two sureties in like sum, after listening to the plea for bail.

She ordered that the sureties must provide evidence of three years tax payment and the addresses of the sureties verified.

The case was adjourned till Jan. 12 for mention. (NAN)

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