The accused was told to give the money to the complainant’s son, Al -mustapha Tukur, a phone dealer at Kasuwan Kure but converted it to his own, he said.
According to Jega, gave no convincing explanation why he spent the money.
He said the offence which was committed on Aug. 3, contravened Sections 309, 312 and 322 of the Penal Code.
The businessman pleaded not guilty to the charge preferred against him.
Chief Magistrate Abubakar Adamu remanded in prison for further investigations and adjourned the case until Aug. 26 for hearing.