Clearing Agent, 40, Docked For Diverting Customer’s N2.3m To MMM Ponzi Scheme

A 40-year-old clearing agent, Ikechukwu Ojiakor, on Wednesday appeared in an Ikeja Chief Magistrates’ Court over alleged theft of N2.3 million and diverting the money into MMM Russian Ponzi schemes.

Ojiakor, who resides at Flat 6, Block 159, Jakande Estate, Okeafa in Isolo area of Lagos, has pleaded not guilty to a charge of theft.

The Prosecutor, Police Insp. Benson Emuerhi, had told the court that the accused committed the offences sometime in April 2016 at2.00 p.m. in FESTAC Town, Lagos.

Emuerhi said the accused sold the two unregistered KIA cars valued at N2.3 million entrusted to his care by Mr Emmanuel Okeke, the complainant.

He said the accused sold the cars and converted the money to his personal use.

The prosecutor told the court that the accused diverted the complainant’s money to Mavrodi Mundial Moneybox (MMM), the RussianPonzi schemes, without his consent.

“All efforts made by the complainant to get the accused to refund the money were unsuccessful.”

The offence contravened Sections 287 of the Criminal Law of Lagos State, 2015.

The section provides a three-year jail term for offenders.

The Chief Magistrate, Mrs O. Sule-Amzat, in her ruling, granted bail to the accused in the sum of N200, 000 with two responsiblesureties in like sum.

Sule-Amzat said the sureties must be blood relations of the accused and should also show evidence of two years tax payment to theLagos State Government.

She adjourned the case until July 26 for mention. 

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