Mameh said that the accused obtained the sum from Mr Lanre Ogunleye on the pretext of investing it in a business for Ogunleye.
Court gavel
Adekuoroye, whose address was not given, is standing trial on a two-count charge of fraud and stealing.
The prosecutor, Sgt. Friday Mameh, told the court that the accused committed the offences in 2016 in Lagos.
Mameh said that the accused obtained the sum from Mr Lanre Ogunleye on the pretext of investing it in a business for Ogunleye.
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He said that the accused converted the money for his own use.
The prosecutor said that the offences contravened Sections 285 (9) and 312 (1) of the Criminal Law of Lagos State, 2011.
Adekuoroye, however, pleaded innocence, and was granted bail by Magistrate O. O. Oshin in the sum of N500, 000 with one surety in like sum.
Oshin ordered that the surety must be gainfully employed and show evidence of tax payment.
She adjourned the case until May 31 for mention.
