An Ilorin-based business man, Ojejuwon Joseph was on Tuesday arraigned before Magistrate J.O Salihu of the Magistrate Court sitting in Ilorin on a three count-charge bordering on criminal breach of trust, cheating and advance fee fraud.
According to First Information Report (FIR), it was revealed that the suspect had sometime in March, 2019 sold a property located at Block L, flat 3 Irepodun Street, Mandate Estate, Opposite Yidi praying ground Ilorin, to one Jimoh Kamoli Olatunde at the sum of Three Million Naira of which he made an initial payment of Two Million Naira meanwhile, records at Kwara State Investment and Property Development Company Ltd reveal that the property has earlier been sold to one Okafor Patrick Kenechi at the sum of Four Million Naira contrary to Sections 315 and 322 Penal Code Law and Section 1 (3) of Advance Fee Fraud and Other Related Offences Act 2006.
Further investigation into the case revealed that the suspect has used the property as collateral security to obtain a loan of Two Million and One Hundred Thousand Naira at Apex Microfinance Bank Unity Road, Ilorin.
Consequently, Magistrate J.O Salihu in his judgement pronounced that the suspect be remanded at the Madala Prison for further hearing.
The case has been adjourned to 10 July, 2019 for commencement of trial.
