By Bamidele Kolawole

A 27-year-old businesswoman, Jimoh Fatimoh Olabisi, has been dragged before an Akure Magistrates’ Court by the Ondo State Police Command, over an alleged N4.4 million fraud.

The Prosecutor, Inspector Josephine Anwana told the court that the defendant committed the alleged crime between November 20 and December 30, 2023, at No. 6, Road Block, Akure.

Anwana accused Olabisi of conspiring with others at large to defraud one Ajayi Temidayo Dada, by collecting N4,441,000, under the guise of investing in Forex, a claim the prosecutor said was false. She also alleged that the defendant converted the money to her personal use.

The offence is punishable under Section 390(8)(b) of the Criminal Code Cap. 37 Vol. I, Laws of Ondo State, 2006.

The prosecutor told the court that all efforts by the complainant to recover his money had been futile.

However, defence counsel, Vincent Agabi pleaded for his client to be granted bail on lenient terms.

Opposing the application, Anwana warned that Olabisi had previously jumped police bail, making her a flight risk. “If granted bail, she might abscond again,” she added.

Magistrate Odenusi-Fadeyi Olateju denied the bail application and ordered the defendant to be remanded at the Segede Custodial Facility, Ondo.

The case was adjourned till January 15, 2024, for trial.