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Bitcoin investment: Man lands in court over alleged N540,000 fraud



A 44-year-old agent, Gideon Olanrewaju, on Friday appeared in a  Magistrates’ Court in Ogudu, Lagos State for alleged N540,000 bitcoin fraud.

The police charged Olanrewaju, who resides in Obadore area of Lagos with three counts of  conspiracy, stealing and obtaining money under false pretenses.

He pleaded not guilty.

The Prosecution Counsel, Insp. Donjour Perezi, told the court that the defendant committed the offence on Nov 17, 2019 at Olaniyi Goodluck Street, Ogudu, Lagos.

Perezi said that the defendant and Glorious Emmanuel, convinced the complainant, Mrs Deborah Wariboko to invest N540, 000 in a bitcoin business.

Perezi alleged that after collecting the money, disappeared and stopped taking the complainant’s calls.

He alleged that the defendant threatened the complainant’s life.

The offence, he said, contravened the provisions of sections 287, 314 and 411 of the Criminal Law of Lagos State, 2015.

Magistrate A.O. Daodu admitted the defendant to bail in the sum of N100,000 with two sureties in like sum with verified addresses.

Daodu adjourned the case until Nov. 23 for mention.

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