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Crime Watch

Bank Clerk Arrested Over Alleged N1.2m Fraud

A 25-year-old microfinance Bank Clerk, Akintaro Folasade, was arraigned on Thursday in an Ile-Ife Magistrates’ Court for an alleged fraud of over N1.2 million.

The prosecutor, Insp Adesina Elijah, told the court that the defendant committed the offence on May 28, around 9.00 a.m. at Moore Area, Ile-Ife.


Elijah alleged that the defendant fraudulently converted the sum of N1,207,500, belonging to one Adesetan Ademola, to her use.

According to him, the offence contravened Sections 383 and 390(9) of the Criminal Code, Laws of Osun, 2002.

The defendant, who was not legally represented, however, pleaded not guilty to the one-count charge of fraud.

Magistrate Taofeek Badmus granted her bail of N1 million with two sureties each in like sum.

Badmus stated the sureties must swear to affidavits of means, and reside within the court’s jurisdiction, while their addresses were to be verified by the prosecutor.

He added that the sureties must produce three-year tax clearance certificates with three recent passport photographs each.

Badmus said one of the sureties must pay N250,000 to the court, to be returned at the end of the trial.

The defendant was remanded in Ilesa Nigerian Correctional Centre, pending the perfection of her bail.

The case was, subsequently, adjourned till July 4, for hearing.

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