Lagos – A 49-year-old woman, Anike Oluwagbemiga, on Tuesday appeared before an Ikeja Chief Magistrates’ Court for allegedly obtaining N1.5 million from a micro-finance bank on false pretenses.

Oluwagbemiga, a trader of 16, Otemuiyi Street, Matogun, Ogun, had pleaded not guilty to a three count-charge of conspiracy, stealing and obtaining money by false pretenses.

The Prosecutor, Asp. Clifford Ogu, told the court that the offences were committed on May 26, 2017 at Letshego Micro-Finance Bank, Agege, a suburb of Lagos.
Ogu told the court that the accused and her husband, Sunday, now at large, obtained a loan of N1.5 million from the bank, and promised to pay back within eight months.

“The accused used two cars, valued at N1.5 million, as collateral but failed to produce them when they defaulted.

“Since then, the accused have not been picking their calls whenever the bank representatives call them,” he said.

Ogu said that the case was reported to the police and the accused was arrested at home while her husband is still at large.

The offences contravened Sections 278, 322 and 411 of the Criminal Law of Lagos State, 2015.

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

The Chief Magistrate, Mr J. A Adegun, granted bail to the accused in the sum of N300, 000 with two sureties in like sum.

Adegun adjourned the case till Aug. 16, for mention. (NAN)