Woman in court over alleged N34.2m fraud

A 44-year-old woman, Oluwabukola Ajayi, on Monday, appeared before an Iyaganku Chief Magistrates’ Court for allegedly obtaining N34.2 million under false pretences.

The defendant of an undisclosed address is standing trial on a three-count charge of conspiracy, fraud and stealing.

The prosecutor, Insp Adenike Adeyemi, told the court that the defendant and others at large committed the offences on Sept. 4, at about 2.00 pm at NTC Road area of Ibadan.

She said the defendant fraudulently obtained N34.2 million from Sunshine International School, to supply gadgets to the School, but failed to do so.
Adeyemi said the defendant converted the money to her own use.

She said the offences contravened Sections 390 (9), 419 and 516 of the Criminal Code, Laws of Oyo State, 2000.

The defendant, however, pleaded not guilty to the charge.

The Magistrate, Mr M. Mudashiru, admitted her to bail in the sum of N10 million with two sureties in like sum.

Mudashiru said the sureties must have a property at Agodi Government Reservation Area with a Certificate of Occupancy and an original copy of the approved plan and registered survey plan.

He adjourned the case until March 18, 2025, for hearing.

Woman in court over alleged N34.2m fraud