The Lagos State police have arraigned a 38-year-old man, Olumide Ogunbolude, for allegedly defrauding his in-law, Taiwo Elegbede, of N9, 105,000 which was meant for the purchase of a Range Rover.
It was learnt that Mrs Elegbede introduced her husband to Ogunbolude as a dealer, when her Husband wanted to buy a car in 2013.
According to Punch Metro, The suspect was reportedly paid an initial sum of $39,500, before being given an additional N1.6m.
However after over a year later, the suspect has neither produced the car, nor refunded the money.
After waiting patiently, the complainant was said to have reported the matter to the police in April, 2015.
The suspect reportedly pleaded for more time, and when he could not meet up, he allegedly issued the complaint a bounced cheque.
He was then arrested and arraigned on Tuesday by detectives from the State Department of Criminal Investigation, Yaba, on three counts of fraud, stealing and issuance of a dud cheque.
The defendant pleaded not guilty to the charges. His defence counsel, F.S. Oladele, applied for his bail.
The Chief Magistrate, I.O. Adelaja, admitted him to bail in the sum of N500,000 with two sureties in like sum.
The case was adjourned till November 18, 2015.