Atoyebi Bamidele, commonly known as Bam-Bam, a Bureau De Change operator, was charged by the police on Tuesday before the Federal High Court in Lagos for allegedly defrauding traders in Alaba Market of N157 million.
Bamidele, who conducts business as Prosocial International Limited, is accused by the police of three charges each of conspiracy, acquiring, and stealing.
The Force Criminal Investigation Department in Alagbon-Ikoyi, Lagos, brought the accusation against him before the court.
Following a petition that the traders, through their attorney Henry Mejulu, wrote to the police, the defendant was taken into custody and charged.
S. O. Ayodele, the police prosecutor, stated in court during the defendant’s arraignment that the defendant conspired to conduct the crime with others who are still at large.
Consequently, Justice Akintayo Aluko, adjourned the matter till October 5, 2023, for hearing of the defendant’s bail application.
The judge also ordered that the defendant be remanded in the custody of the Nigerian Correctional Service, till the adjourned date.
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