A 40-year-old business woman, Okechi Pachela, has been arraigned at an Ikeja Magistrates’ Court for allegedly defrauding a man of N2 million.
Pachela is facing a two-count charge of fraud and stealing.
Prosecuting Sergeant Micheal Unah said the accused committed the offence on May 9 at Agege.
Unah said the accused obtained a loan of N2 million from the complainant, Mr Temidayo Akinleye, on the pretence of using the funds to execute a contract.
He said: “The accused approached the complainant to seek a N2 million loan to execute a contract which she claimed was awarded to her in Abuja.
“The complainant agreed to give her the loan with N200,000 interest which the accused agreed to.”
Unah said when it was time for repayment she issued a dud cheque to the complainant.
“The accused issued a cheque to the complainant but when the complainant got to the bank, the cheque was dishonoured due to insufficient funds in the accused’s account,’’ he told the court.
The offence contravened sections 285, and 312 of the Criminal Law of Lagos State, 2011.
Pachela pleaded not guilty.
Magistrate A. O. Gbajumo granted the accused to N300,000 bail with two sureties in the like sum and adjourned the case.
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