The police nabbed a cryptocurrency dealer for alleged fraud of N51.7m | Aici


The Lagos State Police have arraigned a cryptocurrency marketer, Temitope Longe, earlier than a Federal Excessive Court docket sitting in Lagos for allegedly acquiring the sum of N51,789,222 by pretense and fraud.

Longe was arraigned earlier than Justice Tijjani Ringim for the alleged offenses by the Police Particular Fraud Unit, Ikoyi, Lagos.

The PSFU prosecutor, Mr Justin Enang, informed the courtroom that the cryptocurrency operator and others now in giant numbers, dedicated crimes in Lagos someday in 2017.

Enang informed the courtroom that the defendant fraudulently obtained the sum of N25,894,711 from one other Dr. Abiodun Adefunrin for pretending to take a position the identical in cryptocurrencies and foreign currency trading.

He additionally informed the courtroom that the defendant fraudulently obtained the sum of N25,894,711 from Francis Aremu, after which transformed it to his personal use.

In line with the prosecutor, the offenses have been dedicated in violation of Part 8(a) and 1(1)(a) and punishable underneath Part 1(3) of the Cash Laundering and Different Fraud Associated Offenses Act, 2006.

He additionally informed the courtroom that the offense is illegitimate and punishable underneath Part 15(2)(b) of the Compensation Act, 2011 as amended in 2012.

Nonetheless, the defendant denied the allegations towards him.

After the defendant’s request, the prosecutor requested for a date for the trial and in addition urged the courtroom to maintain him within the custody of the Nigerian Correctional Providers till the choice of the costs towards him.

However the accused by his lawyer urged the courtroom to permit him to be granted bail in a liberal method.

His lawyer informed the courtroom that his consumer was a first-time offender and the costs towards him have been non-bailable.

Justice Ringim, after listening to the submissions of the counsels, agreed that the defendant might obtain bail within the sum of N20 million and two sureties in the identical sum.

The choose additionally ordered that one of many sureties should be a civil servant not under Grade 14, amongst others.

Justice Ringim ordered that the defendant be remanded in NCS custody till he can meet the bail circumstances, and adjourned the case to March 30, 2023 for trial.



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