Company’s manager remanded over alleged fraud, issuance of dud cheque

The general manager of Cash Craft and Asset Management Limited, Mr. Ayo Balogun, has been remanded in prison custody at the order of a Federal High Court, Lagos. The order for his remand was sequel to his arraignment before Justice Oluremi Oguntoyinbo led-court on charges bordering on alleged fraud and issuance of dud cheques, by the Special Fraud Unit (SFU) of Nigeria Police Force (NPF). Balogun’s arraignment before the court on Friday, was due to a bench warrant issued by SFU and granted by the court, following his failure to…

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