Arraigned Over N10m Fraud Woman of 20 years
Posted by opeyemi 151 days ago (Editorial)
He was alleged to have claimed to be a business woman dealing in petroleum products and used the claim to procure N10 million bank loan.
According to the prosecution, Adogbeji had told Olive Micro finance bank that she wanted to use the money to buy petroleum product for sale, a claim which turned out to be a hoax.
It was also alleged that as soon as the bank discovered that her claims were false, the defendant abandoned her house in Ketu, Lagos, and relocated to Benin City, Edo State. Meanwhile, through phone calls, detectives were able to trace her to Benin City where she was nabbed.
According to the prosecution, the defendant also forged the signature of one Barrister Joe Ebhoigbe. The alleged offence is punishable under section 467 of the Criminal Code, Cap C17, Laws off of Lagos State of Nigeria 2003. The offence was allegedly committed at No. 150, Awolowo Road Ikeja Lagos.
The defendant, however, pleaded not guilty when the charges were read out to her.
She was also charged with obtaining the sum of N10 million, property of Olive Microfinance bank under false pretence. The prosecution said the offence contravenes section 419 of the Criminal Code, Cap C17 Laws of Lagos State of Nigeria, 2003.
According to investigations carried out by detectives from Zone 2 Police Command, Onikan, Lagos, Adogbeji allegedly issued a purported Bank PHB cheque No. 000398030, valued at N3.9 million, to Olive Microfinance Bank. The cheque, which was dated September 11, 2009, was discovered to be a dud document.
The offence, according to the prosecution, is pun¬ishable under section 1(i) b(i) of the Dishonoured Cheque(Offence) Act, Cap. 102 of the Federal Republic of Nigeria 1990.
The Court, presided over by Mr. OJ Adelaja, a Chief Magistrate II, granted the accused person bail in the sum N750,000, and two sureties in like sum.
One of the sureties must pay the sum of N100,000, into the Chief Registrar's account. The money would be forfeited by the surety in the event of the defendant jumping bail.
Further hearing was fixed for Wednesday, December 2, 2009
By PAUL EDAFE
Page 3 Daily Trust Tuesday October 20th 2009
