The Chief Magistrate of Iyaganku Chief Magistrates’ Court, Ibadan, Mr Emmanuel Idowu, has granted N1 million bail to 43-year-old Olubunmi Akintoye, who allegedly defrauded one Margaret Olunloyo to the tune of N17.1 million.
The magistrate granted the defendant bail in the sum of N1 million with two sureties in like sum and adjourned the matter to April 13, for mention.
The police Wednesday arraigned Akintoye on a three-count charge bordering on fraud, stealing and intent to steal.
Akintoye, however, pleaded not guilty to the charges.
According to the Police Prosecution, ASP Adewale Amos, the defendant sometime in October 2020, at Felele Junction, Ibadan, with the intent to defraud, allegedly obtained N17.1 million from Olunloyo.
“Akintoye allegedly collected the money from Olunloyo, under the pretence of buying Maggi product for export to America, knowing the same to be false.
“The defendant was alleged to have stolen and fraudulently converted the N17.1 million to her own use.
“Akintoye with intent to defraud allegedly obtained $4,500 (N1.96 million) from Olunloyo under the pretence to deliver the money to her daughter, Oluwatomisin, as her school fees in Turkey,” Amos said.
The prosecutor said that the offence contravened Section 390 (9) and 419 of the Criminal Code Laws of Oyo State, 2000.