Posted by Samuel on Wed 11th Jan, 2023 - tori.ng
Egwu, who resides at 3B Humper Crescent, Lugbe Zone 7 Abuja, is facing a two-count charge of criminal breach of trust and cheating.
Mr James Egwu, a contractor, has been dragged to court.
The man was on Wednesday arraigned before a Wuse Zone 2 Magistrates’ Court, Abuja, for allegedly swindling his business partner of N8 million.
Egwu, who resides at 3B Humper Crescent, Lugbe Zone 7 Abuja, is facing a two-count charge of criminal breach of trust and cheating.
The Prosecution Counsel, Mr Umoh Inah, told the court that the matter was reported at Garki Police Station by the complainant, Francis Iweze, on July 22, 2020.
Inah told the court that the complainant of Pent House Estate, Lugbe, Abuja, alleged that sometime in 2019, the defendant brought a business proposal for him to lend him the funds to complete a contract for Union Bank Plc.
The prosecutor said that Iweze transferred the sum of N8 million to the defendant to facilitate the completion of the said contract.
He further said every effort for the defendant to return the complainant’s money after he was paid proved abortive as he refused to return the money.
According to him, the offence contravened the provision of Sections 312 and 322 of the Penal Code.
The defendant, however, pleaded not guilty to the charge.
The defence counsel, Mr A P Samson, applied for the bail of the defendant, citing section 36 (5) of the constitution of the Federal Republic of Nigeria, 1999 and sections 158,161 and 169 of the Administration of the Criminal Justice Act (ACJA) 2015.
Samson prayed the court to grant his client bail in the most liberal terms.
The magistrate, Aisha Maina, granted the defendant bail in the sum of N500, 000 with two sureties in like sum.
She directed that the sureties must reside within the jurisdiction of the court, one of which must be a civil servant not below Grade Level 14 with evidence of appointment letter.
The court further directed that the registrar of the court verify the said documents and addresses of the sureties.
She adjourned the matter until February 9 for a hearing.