A Point of Sale (POS) machine operator had been arraigned in court to explain why he disappeared after collecting N17m from his fellow POS operations.
The suspect identified as Shamsudeen Ishiaka,24, committed the crime in November 2024 at the Mile 12 Market Ketu Lagos. Police prosecutor Insp Bassey Sunday told the Ogudu Magistrates’ Court on Friday, that Ishiaka received the ₦17 million from his colleagues on different occasions through bank transfers, promising to repay them in cash.
According to the prosecutor, the complainants transferred funds to Ishiaka in exchange for cash, which he subsequently failed to provide.
The amounts involved included ₦7 million from Oluwakemi Dada, ₦4 million from Nuhu Hassan, ₦2.7 million from Ahmed Didat, ₦1.8 million from David Chibuzor, and ₦1.5 million from Dare Oyegoke.
Sunday further alleged that Ishiaka fled with the money until he was located and apprehended by the police.
He stated that these actions violated Section 287 of the Criminal Law of Lagos State, 2015.
Magistrate O.A. Daodu granted bail to the defendant in the amount of ₦1 million, requiring two sureties of equal value, and scheduled the next court appearance for April 15 for further proceedings.
