4 Docked For Defrauding Microfinance of Over 14m Naira

Osun State Police has dragged four persons before the Federal High Court, sitting in Osogbo for allegedly duping a microfinance bank of over fourteen million naira (14,273,770).

The suspects are Aderinlowo Joseph, Oyinlola Abimbola, Sotomi Abosede and Bello Rasaq.

The prosecutor, Mr. Francis Osei, told the court that the defendants committed the alleged crime between 2016 and December 2019.

He alleged that the defendants who were workers of Otan-Ayegbaju Microfinance Bank, collected the money from customers with intent to deposit same and converted the money to their personal use. 

The defendants pleaded not guilty to the four-count charges of conspiracy, stealing and cybercrime preferred against them. 

Their counsel, Mr. Bola Abimbola-Ige, urged the court to allow the 1st to the 3rd defendants continue with the bail earlier granted them, and prayed the court to admit the 4th defendant to bail in the most liberal term. 

Justice Peter Lifu of the Federal High Court, Osogbo thereby granted the fourth defendant bail in the sum of 10 million naira with two sureties in like sum. 

The judge ordered that the defendant be remanded in Ile-Ife Correctional Center pending the perfection of his bail.

He adjourned the case to November 3, 2020 for trial. 

Adenitan Akinola

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