An Iyaganku Chief Magistrates’ Court in Ibadan has arraigned a 32-year-old car dealer, Nicholas Olabomi, for allegedly defrauding a client of N10 million in a failed car purchase deal.
Olabomi, whose address was not disclosed, is facing two counts of fraud and stealing. He pleaded not guilty to the charges.
Prosecutor, Cpl. Akeem Akinloye, told the court that the defendant committed the offences in July 2024 in the Oke-Ado area of Ibadan.
Akinloye alleged that Olabomi fraudulently obtained N10 million from one Awotunde Awolola under the pretext of procuring a Toyota Venza for him but failed to deliver the vehicle. He further claimed that the defendant converted the money to his personal use.
The prosecutor said the offences contravened Sections 390 (9) and 419 of the Criminal Code, Laws of Oyo State, 2000.
Chief Magistrate Mrs Olabisi Ogunkanmi granted Olabomi bail in the sum of N3.5 million, with two sureties in like sum.
Ogunkanmi ordered that one of the sureties must be a landed property owner, while the other must reside within the court’s jurisdiction.
The case was adjourned until November 26 for hearing.
