Jim Iyke Arrested Over N15 million fraud

Popular Nollywood actor Jim Iyke who was in the news recently for acquiring multi-million Naira cars has been arrested and arraigned in court over a 15 Million Naira fraud.

The Police Prosecutor, Mr Chijoke Okezie, told the court that on Aug. 8, Habiba Abubakar wrote a petition to the Inspector General of Police (IG) to investigate the fraud.

He said that investigation into the case revealed that the accused, a resident of Sunnyville Estate, Abuja, deceived Abubakar into acquiring 15 per cent equity shares to the tune of N15 million from his company, Untamed Records Ltd.

Okezie said the accused admitted that the complainant paid the money into his Oceanic Bank account No. 00500173691, deviating from his initial plan of investment and converted the money to his personal use.

He added that when the complainant confronted the accused, he resorted to beating her and threatened to kill her.

Okezie said the accused was charged with criminal breach of trust, criminal force, assault, cheating and criminal misappropriation which contravened sections 312,265,322 397 and 309 of the Penal Code.

The accused pleaded not guilty to the charges.

Counsel to the accused, Esther Uzoma, made an oral bail application for the accused in pursuit of section 341(2) of the Criminal Procedural Code.

She prayed the court to grant the accused bail on liberal terms and for self recognition, and promised that the accused would not jump bail.

However, Okezie objected to the bail application, saying that investigation into the case was not completed, and that criminal breach of trust was not ordinarily billable.

Chief Magistrate Okeagu Azubike, said that the bail application had merit and granted the accused bail in the sum of N500,000 with two sureties in like sum.

He ordered that the sureties must be responsible Nigerians who must reside within the jurisdiction of the court.

He adjourned the case to Dec. 9, to enable the police complete their investigation.

Source: 234next.com

32 COMMENTS

  1. Money rules the world! Everybody have criminal tendecy but self control is needed. Jim Iyke didn’t control his own. So see what it has led him to. If all they said about is true, I prefer Jailing him to Bailing him!

  2. One can hardly doubt the genuineness of d charges against with his expensive and luxurious lifestyle without any corresponding means of earnings…my only concern is that the justice of the matter should be achieved…

  3. Becos one buys or ride expensive cars does nt mean he embezled d money,all am sayin is dat proper investigatn shud be done becos it might be a false accusatn be4 conclusn is made

  4. Wat is happenin to Nig muvie nd music stars, jim i dont want to bliv it, neither do i want to disagree dat u dd it yet. But if u dd u 4ked up nd ur 4cup shud b treatd.

  5. In law a person is innocent until proven guilty-s.27 of Criminal Code.let d prosecuting counsel prove beyond reasonable doubt that jim committed the so listed offences then we can castigate him.if not,let him be guys.

  6. Abeg make una leav d guy alone.. I tink mayb d lady is inlov wit jim iyke nd was turnd dwn so she wnts 2 fraustrate him…lets nt jumb into conclusn until he’s proven guilty beyound reasonable doute.

  7. Please guys lets not jump into conclusions, lets allow the judges to decide if jim is guilt or not, maybe this girl is trying to pull a scam on the famous actor….

  8. My man i always cherish ur style. All i want ppl 2 understand is dat iky is never a criminal dis issue just a lover’s case. Women have their ways of framing scenario. In fact nigeria police is 2 busy to be disturb at dis crucial hours of emmbattlement.

  9. Ds s nt a gud nfor atal guys, jim of al pple. Anyway i pray d purnishment s belittled if its really true but if not guys remember “If nobody talk abt u den ure nobody whether na true dem talk or na lie oo walie oo. He s nt d 1st so lets let him be. No matter d scandal he s still a movie star but i dnt lik d 1 he beats a lady of cos nobody is paying him 4 it. Pls jim don’t try it ever a again to beat a woman ok. Is nt gud to d ears pls.

  10. i no fit blve say iyke do dat knd thng.God abeg save am b4 en die 4 jail. Imagine ajebuta 4 jail. Iyke u tyt na jealous d wori dem. Ur stil my guy. Luv ya bt kul dwn jor.

  11. Make una live this girls them na so them they do, she love Jim maybe Jim no want again she come remember things way she don do cos those kind girl na them they pay people like Jim, all this story na fabrication of lies….lol if Jim tell her say him love say make they come back she go withdraw the case…. Jim u must get justice no worry

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