Police prosecutor Paul Etusi told the court that the accused obtained the amount under false pretence by promising his victims that they would be co-owners of Happiness Lotto which he operates.
Etusi said that the accused whose office was at 1, Odunjo Drive, Abeokuta, collected the money from Halimat Adeoye, Oyekunle Oyebisi and Mr.. Mike Itiolu, a lawyer between October 2010 and February 2011.
“My Lord, the accused person fraudulently obtained this amount from his victims who had thought of doing legitimate business to increase their wealth.
“I have no doubt that many other people will still approach the police to complain about the fraudulent manner of the accused person,” he said.
The prosecutor said that the offence was contrary to and punishable under Sections 419 and 390 (9) of the Criminal Code Laws of Ogun, 2006.
The accused, who pleaded not guilty to the two-count charge of felony and fraud, was represented by Mr. Taiwo Idris, who applied for his bail.
The defence counsel assured the court that the accused person would always appear in court as at when needed.
In her ruling, Chief Magistrate Ayoadele Ayobolu, granted the bail application in the sum of N5 million with two sureties in like sum.
She said that the sureties, apart from having landed properties within the jurisdiction of the court, must also show evidence of regular tax payments to the state.
Ayobolu adjourned the matter to September 19 for hearing.
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