Adetayo was alleged to have advertised an unavailable apartment and through the process defrauded the desperate house seekers.
He was also said to have, through the gimmick, defrauded his victims of a whopping N13.5m.
Adetayo’s action were said to have contravened sections 516, 419, 467, among other 2003 acts of Lagos State of Nigeria.
Some of the charges preferred against the suspect read, “That you Alhaji Ganiyu Adetayo, male, and others at large, between September 16, 2010 to January 2011 at various locations, within the Lagos magisterial district did conspire amongst yourselves to commit an offence to wit: obtaining money under false pretences and stealing the total sum of N13.5m from various intending tenants for an unavailable apartment and thereby committed an offence punishable under Section 516 of the Criminal Code Cap C17 Vol. II laws of Lagos State, 2003.
”That you and others at large did advertise for rent a mini-flat at No. 5, Oguntayo Street, Oke-Odo, Ile-Epo Bus Stop, Lagos, and printed a receipt ‘Solid Rock Properties‘ being issued out in acknowledgment of payment of various sums of money from over 100 tenants under the false representation you knew to be false and thereby committed an offence punishable under Section 419 of the Criminal Code C17 Vol. II laws of Lagos State, Nigeria, 2003.
”That you Ganiyu Adetayo and others on the run, with the intent to defraud, did print and issue out a forged receipt with the inscription of Solid Rock Properties (real estate agent, property developer and general contractor) dated various dates to over 100 intending tenants and collected various amount of money from them for an unavailable apartment, a representation you knew to be false and thereby committed an offence contrary to Section 465 and punishable under Section 467 (2) 1 (4) (t) (u) of the criminal code Cap C17 laws of Lagos State, Nigeria, 2003.”
When his plea was taken, Adetayo pleaded not guilty to the charges.
The prosecutor did not object to the bail, saying that granting him bail would afford him the opportunity to source for money to settle his victims.
Therefore, Magistrate T.A. Ojo, granted him bail in the sum of N500,000, with two sureties in like sum and adjourned the matter till April 12, 2011, for further hearing.
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