The police on Wednesday docked a businessman, Anthony Okonji, who allegedly fraudulently obtained $30, 840.00 (about N11.1 million), at the Igbosere Magistrates’ Court in Lagos.

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Okonji, 31, was accused of collecting the sum from the complainant, Yusuf Zakanji, under the guise of supplying its naira equivalent.

The defendant is standing trial before Mr. W. B. Balogun on a two-count charge of conspiracy and fraud.

Prosecuting police officer, Spt. Susan Ezema, alleged that the defendant committed the offences between May 23 and 25 last year in Lagos and Kano.

“After obtaining the $30, 840 the defendant failed to supply the naira equivalent to Zakanji,” the prosecutor said.

The offences, she said, contravened Sections 312 (3) and 323 of the Criminal Law of Lagos State, 2015 and punishable under same.

Okonji pleaded not guilty to the charges.

Magistrate Balogun granted him bail in the sum of N5 million with two sureties in like sum.

The case continues on May 17.