An Ejigbo, Lagos Magistrate Cour 40-year-old pharmacist, Lazarus Akagbusi has been remanded at the Kirikiri Prison for allegedly defrauding a Lagos based coany.

The accused was remanded in prison by an Ejigbo Magistrate's court, Lagos.

It was  gathered that Akagbusi, who allegedly claimed to be a superintendent pharmacist, collected about N500, 000 from a company, Rem. G Pharmaceutical Company, under the guise of obtaining license to manufacture drugs.

The suspect, instead of obtaining the license, diverted the money for his personal use.