Sikiru Owolabi allegedly collected the sum of 300,000 naira from one Oketokun Tolulope, under the pretext of securing a two-bedroom apartment for him.

He also obtained N230,000 from one Fagboye Muyiwa, N100,000 from Mikail Olusegun, N70,000 from Abatan Abiola and N50,000 from Ogungbemisola Olalekan.

This was done under the pretext of helping them to secure an accommodation at No. 16, Adekunjo St., Alakuko. Lagos.

"When the complainants got to the house, they discovered that the accused had collected money for the same apartment from many people."

This was the testimony given by police prosecutor, Insp. Ezekiel Ayorinde, before an Ikeja Magistrates’ Court in Lagos on Friday when Sikiru Owolabi was arraigned.

The 45-year-old property agent allegedly defrauded the five accommodation seekers of N750,000 between March 6 and March 23, 2017.

The accused, a resident at No. 15, Osanyintola St., Agege, a Lagos suburb, is facing a two-count charge of fraud and stealing.

The offences, according to the prosecutor, contravene Sections 285 and312 of the Criminal Law of Lagos State, 2011. Section 285 prescribes a three-year imprisonment for stealing.

Also, Section 312 says that any person who obtains money under false pretences is liable to 15 years' imprisonment.

The accused, however, pleaded not guilty to the charge preferred against him.

The Chief Magistrate, Mrs Omolade Awope, granted the accused bail in the sum of N250, 000 with two sureties in like sum.

Awope ordered that the sureties must be gainfully employed with a statement of accounts for six months, and three years tax payment to the Lagos State Government.

She adjourned the case until April 26, for trial.