The Police on Thursday arraigned one Abiodun Omogoye, 60, in a Chief Magistrates’ Court sitting in Ado-Ekiti for fraud.
The Prosecutor, Mr Ojo Osobu told the court that the accused defrauded one Mr Omosofe Aina of N1, 085, 200.
He said that the accused committed the offence between February and November, 2013 at Usi-Ekiti, in Ido Magisterial district, in Ido/Osi Local Government Area of the State.
The charge reads: “That you, Omogoye Abiodun, between Feb.-Nov., 2013 without the consent of the owner fraudulently sold 3,812 units of Nigeria Breweries shares.
“The share was valued N603, 000 belonging to Mr Omosofe Aina and convert the proceeds into your own use.
“That you, Omogoye Abiodun, at the same period without the consent of the owner fraudulently sold 200 units of Guiness Plc shares.
“The share was valued N482, 200 belonging to Mr Omosofe Aina and convert the proceeds into your own use.
According to Osobu, the offence committed by the accused contravened Section 390(a) and (d) of the Criminal Code Cap C16, Laws of Ekiti State, 2012.
He then prayed the court for an adjournment to enable him prepare for the case.
The accused had earlier pleaded not guilty to the two-count charge when it was read to him by the court.
His counsel, Mr Abiodun Fatoki prayed the court to grant his client bail with a promise to provide a reliable surety.
The trial Chief Magistrate, Richard Adegboye granted bail to the accused in the sum of N200, 000 and two reliable sureties and adjourned the case to Oct.8 for hearing.
