Breach of trust: Bizman docked over alleged N8m fraud

Kwara state Upper Area Court sitting in Ilorin Wednesday docked abusinessman, Sheu Atere for alleged fraud of a sum of N8 million.
Atere who deals in petroleum products, was dragged to the courtby one Ganiyat Bisola Ishola  for alleged breach of trust.

In a direct complaint of criminal misappropriation, criminal breach of trust and cheating number UAC1/CRF/126/2021, counsel to the complainant, Taofiq Sanusi accused the defendant of reneging on agreement.
Sanusi said, “The complainant briefed us that Alhaji Sheu Atere approached her in the year 2020 to assist him with fund in his petroleum business promising to be paying profit over the capital on monthly basis.

“The defendant lured and fraudulently deceived the complainant into a fictitious business of dealing in petroleum products. In the process,the complainant gave the sum of one N1m, her personal money to the defendant.
“The defendant also pressurized the complainant to add to the initial amount borrowed from the complainant and the complainant collected a sum of N7m from her boss in office and her friend to give to the defendant with the assurance of using the money for business purposes.”

He added that the complainant equally lent out a sum of 250,000 to thedefendant for personal use.
“Recently, the complainant discovered that the defendant is afraudster who had allegedly duped many people to the tune of over N100million,” Sanusi added.

The complainant’s counsel told the court that his client (complainant) hadsuffered arrest, humiliation and detention in police custody from herboss and friend because the defendant reneged on their agreement.’
He therefore urged the court to remand the defendant in prisoncustody, adding that “a lot of people have fallen victims of thedefendant’s antics,

But defendant counsel I . E Iyanda urged the court to grant him bail,saying he would not evade justice.
In his ruling, presiding Judge Sunday  Adeniyi granted the defendant bail with a sum of N1m , with sureties and a deposit of  N4m .
He then adjourned the case to July 28th 2021 for hearing.