Man Arrested Over N7 Million Fake Cheque

Chidi Iwuanyanwu, a 40-year-old man, who allegedly issued dud cheques for N7 million, on Tuesday appeared before an Apapa Magistrates’ Court, Lagos, charged with fraud.

Iwuanyanwu is accused of issuing two dud cheques to Coscharis Motors Ltd. from which he obtained motor lubricants worth the sum.
Iwuanyanwu, however, pleaded not guilty.

Police prosecutor Omotemi Sunday said the defendant collected Abro Motor Oil lubricants from the company at No. 1-7 Coscharis St., Kirikiri, Lagos, on March 12 and March 13.
However, Iwuanyanwu told the court, “I have been doing business with Coscharis for the past seven years without any complaints.
“I cannot suddenly start being dishonest.

He said that he paid N3 million to the company and had plans to pay the remaining N4 million.
The court granted the defendant bail in the sum of N500,000 with two sureties in like sum, and adjourned the case till 9 November for mention.