Ibadan Business Woman Arraigned for Alleged N58 Million Fraud

Ibadan Business Woman Arraigned for Alleged N58 Million Fraud

The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) has taken legal action against Ajayi Oluwabukola Temitope, a businesswoman, for her alleged involvement in defrauding individuals of a staggering sum of N58,458,000.00 (Fifty-Eight Million, Four Hundred and Fifty-Eight Thousand Naira) under false pretense.

Temitope was arraigned on Wednesday, February 14, 2024, before the Oyo State High Court presided over by Justice Kamorudeen Babatunde Olawoyin. She faces four charges of obtaining money by false pretense, a violation of Section 419 of the Criminal Code Law Cap 38, Laws of Oyo State, 2000.

One of the charges alleges that Temitope, on or about April 9, 2021, in Ibadan, deceived Alhaji Yusuf Nadabo into parting with N23,183,000.00, purportedly for the supply of four trucks of RC Cola, Zero Cola, and Coca Cola carbonated soft drinks—a representation later discovered to be false.

Furthermore, the prosecution contends that Temitope obtained significant sums from other victims, including N17.3 million from Altine Musa, N23.1 million from Alhaji Yusuf Nadabo, N8.5 million from Idris Sheriff, and N9.4 million from Ifeanyi Mmadubuike, all under similar false pretenses.

Despite pleading not guilty, Temitope’s plea did not sway the prosecution, which argued that she posed a flight risk, having previously jumped an administrative bail granted by the EFCC. Additionally, the prosecution revealed ongoing investigations into multiple petitions against Temitope.

In response to the prosecution’s concerns, the court denied Temitope’s bail application, citing flight risk

Follow us on social media

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link
Powered by Social Snap