The police in Lagos on Thursday arraigned a 20-year-old undergraduate, Olumide Ajayi, over alleged $165,890 (about N26,210,620) internet fraud.
The student of the Adekunle Ajasin University, Ondo, appeared before an Ikeja Magistrates’ Court on a three-count charge of conspiracy, fraud and stealing.
Ajayi, a resident of Oregun in Lagos, was accused of conspiring with others at large to defraud one Mr Lin Shunye via the internet in the guise of supplying goods to him.
He, however, pleaded not guilty.
The prosecutor, ASP Barth Nwakaoye, said that they committed the offences between June 15, 2010 and August, 2012 at Isolo, Lagos.
The prosecutor noted that the offences contravened Sections 285, 312 and 409 of the Criminal Laws of Lagos State, 2011.
The Magistrate, Mr A.O Isaac, granted the undergraduate bail in the sum of N200, 000 with two sureties in like sum.
He adjourned the case till January 16, 2013 for mention.
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