A forex trader, Temitope Badmus, has been arraigned by the operatives of the Lagos Police Command for allegedly stealing N221.6m from six investors.
According to The PUNCH, the 36-year-old allegedly collected the money from the complainants on the pretext of trading with it on Forex Online trading platform.
Badmus was charged with six counts of stealing before Magistrate A.O. Salawu.
The prosecutor, Godwin Oriabure, who represented the prosecution counsel, J. Ebosereme, stated that the offenses violated Section 280 and were punishable under Section 287 (9) of the Lagos State Criminal Law of Nigeria, 2015.
The charges read in part, “That you, Temitope Badmus, from February 2022 to September 2022 at No 2, Taiwo Close, Surulere, Lagos, in the Lagos Magisterial District, did receive and stole by fraudulent conversion to your use the sum of 93,300,000 that was meant for you to trade with on Forex Online trading platform, property of one Oladimeji Akolade, thereby committing an offence.”
The defendant entered a not guilty plea to the allegations.
Magistrate Salawu granted bail to the defendant in the sum of N3 million, with two responsible sureties in the same amount who must have landed property in Lagos State.
The lawsuit was postponed until February 23, 2023, for further consideration.
