64-Year-Old Woman In Court Over N3m Fraud


A 64-year trader, Iyabo Adeoti, was on Friday charged to the Ikeja Chief Magistrates’ Court for allegedly defrauding a company the sum of N3 million.

The woman who lives at No. 6, Old Otta Road, Alagbado, Lagos, is facing a two-count charge of conspiracy and obtaining under false pretences.

The prosecutor, Insp. Clifford Ogu, told the court that the offences were committed on May 10 at the AIT Road, Alagbado, Lagos where the accused sold a landed property to Aina Gold Estate Management for N3 million.

“When the company was about to take possession of the property, it was discovered that the accused was not the owner.

Ogu said: “All efforts to collect the money failed and the accused was apprehended.”

The prosecutor said the offences contravened Sections 312 and 409 of the Criminal Law of Lagos State, 2011.

The accused, Iyabo Adeoti, however, pleaded not guilty to the charges.

The Chief Magistrate, Mrs Taiwo Akanni, granted the accused N1 million bail with two sureties in like sum and also ordered the accused to pay N100,000 into the court chief registrar’s account as part of the bail condition.

The case has been adjourned till Wednesday, July 13