Trader allegedly absconds with clients’ $2,900

August 15, 2019
337 Views

A foreign exchange (forex) trader, Olufemi Oluwade, who allegedly absconded with two of his clients’ $2,900 dollars (about N1.1million), was on Wednesday brought before an Ikeja Magistrates’ Court.

Oluwade, 39, of 5, Oyawale Street, Idimu, Lagos, was arraigned by the police before Mr. A. I. Abina on a two-count charge of stealing and obtaining money under false pretence.

Prosecuting Sergeant Ishola Samuel alleged that Oluwade committed the offence in May on Obafemi Awolowo Way, Ikeja.

He alleged that the defendant obtained $2,900 from the complainants, Olamide Fashipe and Wilson Emele, with a promise to invest it in forex trade business.

The court heard that Oluwade absconded after collecting the money.

Oluwade pleaded not guilty.

Magistrate Abina granted him N200, 000 bail with one “responsible” surety in the like sum, among other terms.

The case continues on August 28.

You may be interested

Raphinha: I Decided To Remain At Barca To Prove Doubters Wrong
Sports
Sports

Raphinha: I Decided To Remain At Barca To Prove Doubters Wrong

Webby - November 1, 2024

Barcelona star Raphinha says his decision to remain with the club is meant to prove doubters wrong.Recall that the Brazilian…

Iheanacho Thrilled To End Sevilla’s Goal Drought
Sports
5 views
Sports
5 views

Iheanacho Thrilled To End Sevilla’s Goal Drought

Webby - October 31, 2024

Super Eagles forward Kelechi Iheanacho is full of excitement after opening his goal account for LaLiga club Sevilla.Iheanacho netted a…

I’m Ready To Return To Football –Ranieri
Sports
1 views
Sports
1 views

I’m Ready To Return To Football –Ranieri

Webby - October 31, 2024

Former Cagliari manager Claudio Ranieri has expressed his desire to return to football.Ranieri, who stood down from Cagliari at the…

Leave a Comment

Your email address will not be published.