Man Docked for Defrauding Bank N1.8m in Ekiti

A 46-year-old man, Oluyemi Olusegun, has appeared before an Ado-Ekiti Chief Magistrates Court for allegedly defrauding a bank of N1.8 million.

The police prosecutor, Inspector Oriyomi Akinwale, told the court that the accused committed the offence in January 2019 at Ilupeju-Ekiti, Oye Local Government Area.

Akinwale said the defendant borrowed money from Albatross Ventures, a micro-finance bank.

The complainant, through whom the loan facility was obtained, Miss Mercy Adebayo, is the manager of the bank.

The prosecutor disclosed that Olusegun disappeared after he borrowed the money, saying all efforts to arrest him proved abortive.

He said it took the concerted efforts of the police detectives before he was eventually apprehended.

Akinwale said the offence contravened Section 419 of the Criminal Code, Laws of Ekiti State, 2012.

The prosecutor asked the court for adjournment to enable him study the case file and present his witnesses.

However, the accused person pleaded not guilty to the charge.

His counsel, Mr. Busuyi Ayorinde, urged the court to grant him bail with a promise that he would not jump bail.

The Chief Magistrate, Mr. Adesoji Adegboye, granted bail to the defendant in the sum of N500,000 with two sureties in like sum, adding that one of the sureties must be a civil servant.

He, therefore, adjourned the case to February 3 for hearing.