Businessman Faces Trial Over Alleged N9.8 Million Tyre Fraud

Ogunsakin Mustapha
1 Min Read

Kaduna, Nigeria(TheGavel) – A 45-year-old businessman, Philip David, appeared before a Kaduna Chief Magistrates’ Court on Wednesday, September 18, 2024, to face charges of conspiracy, stealing, and fraud. The charges stem from allegations that David defrauded a company, Vincent and Sons Investment Limited, of N9.8 million.

The prosecutor, Inspector Chidi Leo, informed the court that the alleged offenses occurred in September 2023 along Taiwo Road, Ahmadu Bello Way, Kaduna. David is accused of collecting the substantial sum from the company under the pretense of supplying car tyres of various sizes. However, despite a year passing, David failed to deliver the promised goods and refused to return the money.

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The charges against David contravene Sections 285, 217, and 241 of the Kaduna State Penal Code of 2017. During the court proceedings, David pleaded not guilty to the charges.

Chief Magistrate Ibrahim Emmanuel considered the case and granted David bail in the amount of N1 million. The defendant was required to provide two sureties who reside within the court’s jurisdiction and can prove gainful employment with tax payment evidence to the Kaduna State Government.

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The case has been adjourned until October 23 for further hearing.(NAN)

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