The police in Lagos have arraigned an operator of Point of Sell (POS), Abdulrafiu Agboola Issa, before an Ikoyi Correctional Centre’s Chief Magistrate’s Court, Lagos, on charges bordering on alleged conspiracy and stealing of N326.9 million.

The police, in a charge number Z/15/2023, alleged that Issa, committed the alleged offences in March 2023.

The prosecutor, S. O. Ayodele, told the court that the POS operator committed the alleged offences alongside one Desmond Kasarachi and others, who are now large.

He told the court that the defendant received the money, which was fraudulently transferred to his bank accounts, from a financial institution known as E-Settlement Limited.

At the time of the defendant’s arrest, the police said he had squandered the huge amount to N14 million.

He told the court that the offences committed by the defendant, contravened sections 411 and 287 of the Criminal Law of Lagos State, 2015 and punishable under the same sections of the Law.

Issa, however, denied the allegations and pleaded not guilty to the two-count charge preferred against him by the police.

During interrogation, the POS operator said he thought that the money was sent to him by one of his relatives in diaspora, who had promised to help him, but did not care to know which of them that sent the money.

He urged the court to admit him to bail in most liberal terms.

The presiding Magistrate, Mcdavies Amore, while admitted the defendant to bail in various terms and conditions, adjourned the matter to October 10 for trial.

Part of the charges against the POS operator reads: “That you Abdulrafiu Agboola Issa, ‘m’, Desmond Kasarachi, ‘m’, and others now at large, sometimes in the month of March 2023, in Lagos, within the Lagos Magisterial district, did conspired amongst yourself to commit felony to wit: stealing and thereby committed an offence contrary to section 411 of the Criminal Law of Lagos State, 2015.

“That you Abdulrafiu Agboola Issa, ‘m’, Desmond Kasarachi, ‘m’ and others now at large on the same date time and place and in the aforementioned Magisterial District, did steal the sum of N326,915,919.32, which was fraudulently transferred to your bank, accounts, from a financial institution known as E-Settlement Ltd, and thereby committed an offence contrary to section 287 of the Criminal Laws of Lagos State 2015.”