Lagos, Nigeria: A 27-year-old man, Kingsley Ighodalo, was on Tuesday arraigned before an Ogudu Magistrates’ Court for allegedly defrauding a company of a Mercedes-Benz valued at N40 million.
He is facing a three-count charge, which includes conspiracy, obtaining by false pretence, and stealing.
The prosecutor, Insp. Donjour Perezi told the court that the defendant committed the offences on May 22, 2024, at approximately 11:30 a.m., within the Ikeja Magisterial District.
Perezi alleged that the defendant fraudulently obtained a 2016 Mercedes-Benz GLE 400, with registration number BDG 390 HA, valued at N40 million.
He said the defendant acquired the vehicle on loan from Auto Check Company under the false pretext of repayment.
He stated that instead of making repayment, Ighodalo allegedly removed the vehicle’s tracker and sold the car for N38 million without the company’s consent, despite the original documents being with Auto Check.
The prosecutor added that several attempts by the company to repossess the vehicle failed, which led to a petition to the police.
He stated that the offences contravened Sections 314, 287, and 411 of the Criminal Law of Lagos State, 2015.
