The Police on Thursday arraigned Abdullahi Aliyu, 41, before a Chief Magistrates’ Court in Wuse, Abuja, for alleged criminal breach of trust, cheating and forgery.
Aliyu, a resident of Sani Zango Daura Estate, Abuja, pleaded not guilty to the two-count charge.
The prosecuting counsel, Catherine Okafor, told the court that Abubakar Sani and Laya Matthew of Kado Estate, Abuja, reported the matter at Mabushi Police Station on July 23.
She said the defendant allegedly collected N27 million from the complainants earlier this year, claiming that he would invest the money on their behalf.
According to her, Aliyu later presented fake First Bank of Nigeria receipts to the complainants, claiming that the money had been invested.
She said police investigation revealed that the defendant did not invest the money as claimed.
The Magistrate, Umar Isah, granted the defendant bail in the sum of N5 million with one surety in like sum.
He ordered that the surety must be a civil servant of any grade level, reside within the court’s jurisdiction and provide valid means of identification from the organisation where he or she works.
The magistrate adjourned the matter until Sept. 7 for trial.
