By Bamidele Kolawole
A woman, Idowu Adebowale, has been arraigned before an Akure Magistrate’s Court over an alleged N3.2 million palm-oil fraud, involving theft, fraudulent conversion and obtaining money under false pretence.
Adebowale was accused of defrauding a businesswoman, Mrs. Ajibola Ajigbede, between July and August 2025 at No. 13, Iralepo Layout, Ogunjobi Lane, Fanibi, Akure, after allegedly collecting money for 47 kegs of 25 litres of palm oil, which she reportedly failed to supply.
In the three-count charge, the defendant was said to have stolen N3,266,500, property of Mrs. Ajigbede, contrary to Section 390(9) of the Criminal Code.
She was also alleged of fraudulently converting the same amount to her personal use, contrary to Section 390(8)(b).
Obtained the money under false pretence, claiming she would supply palm oil, an offence under Section 419 of the Criminal Code.
Police prosecutor, Inspector Folasade Adeyemi, informed the court that investigation was ongoing and requested an adjournment.
Defence counsel, Ilemobayo Akinbote, pleaded for bail on liberal terms, assuring the court that the defendant would not jump bail.
Magistrate A. I. Adelakin granted bail in the sum of N5 million, with two sureties in like sum. One surety must be a business owner of at least five years, with proof of incorporation, and the business premises will be subject to police verification.
The case was adjourned to November 20, 2025, for hearing.