However, Ezengwu, who appeared before a Tinubu Magistrates’ Court, is facing a two-count charge of fraud and theft, denied the charges.
The Prosecutor, Insp. Philip Osijiale, told court that the accused committed the offences on March 1 at about 12:00 p.m. at Obun-Eko on Lagos Island.
He said that the accused put some N286, 600 sent by two of his customers, Chukwumeka Okafor and Paul Ekene to help them buy goods into the Ponzi scheme.
Osijiale explained that Okafor sent N152, 000 while Ekene sent N134, 600 to the accused.
He said that Ezengwu put the money to his personal use and refused to refund the duo, having staked the money into MMM.
The Magistrate, Mr Kazeem Omolaja, granted Ezengwu bail in the sum of 250,000 with two sureties in like sum.
He said that one of the sureties must be either his father or mother while the other must be a gainfully employed person.
Omolaja adjourned the case until May 30 for mention.
He said that one of the sureties must be either his father or mother while the other must be a gainfully employed person.
Omolaja adjourned the case until May 30 for mention.
MMM really dealt with people anyway.
ReplyDeleteI think the man is so greedy that is just why he left what he should have done with the money and went to invest same in MMM
Nobody is even talking about MMM anymore....na so people money take disappear.... I the suspect top politicians to be involve in scam as big as this
ReplyDeleteI learnt that stuff is still in existence
ReplyDelete