Lagos - A man has appeared at the High Court of the Federal Capital
Territory in Abuja for allegedly issuing a dud cheque in a car deal.
Collins
Masadey and his company, Coomy Automobiles Limited, have been arraigned
before Justice Salisu Garba on one-count charge bordering on issuance
of dud cheque.
The accused is alleged to have received the sum of
N10 million from Hybridge Technical Company Limited Abuja for the supply
of motor vehicles.
Only one vehicle was supplied leaving a balance of N7,2 million
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It
is said after much pressure to refund the balance, the accused issued a
cheque for the sum of N5,2 million, which bounced on presentation owing
to insufficient funds.
The alleged offence occured in 2010.
The accused pleaded not guilty when the charge was read to him.
Justice
Garba adjourned the case to next Monday for ruling on the bail
application and ordered that the accused be remanded in prison custody.
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