Isaiah Gabriel, a 40-year-old businessman, was charged with N7.5 million fraud on Wednesday in a Kaduna High Court.
Gabriel has been accused of fraud by the Kaduna branch of the Economic and Financial Commission (EFCC).
Nasiru Salele, the EFCC’s attorney, informed the judge that the defendant had committed the crime at some point in June.
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Salele claimed that the defendant obtained N7.5 million from Williams Victor in order to handle a Bureau De Change licence on his behalf, but he instead used the funds for his own expenses.
The complainant’s attempts to secure a refund of his money from the defendant, according to the prosecution, were unsuccessful.
According to him, the offence violated Section 344 of the Kaduna State Penal Code and was penalised under Section 345.
To the charge, the defendant entered a not guilty plea.
The offender was granted bail in the amount of N1 million with two sureties in the same amount by Judge Amina Bello.
Bello mandated that the sureties produce proof of tax clearance from the previous three years and swear to an affidavit.
She postponed the case until January 15, 2024 and directed the sureties and defendant to submit a recent passport photo to the court.
