Alagbado woman in trouble over N60,000 loan

2 traders in court for allegedly being in possession of fake Naira notes

A 47-year-old trader, Monsurat Obafemi, on Thursday appeared before an Ikeja Magistrates’ Court in Lagos for allegedly obtaining N60,000 under false pretence.

Obafemi, who lives at Alagbado in Ogun, is being tried for obtaining money under false pretence and stealing.

The Prosecutor, Sgt. Olasunkanmi Adejumola, told the court that the defendant committed the offences in August 2020, at Ogba, Lagos.

Adejumola said that the defendant obtained N60,000 loan from Capital Boost Nigeria Ltd on pretence of using it for business, promising to pay back at a later date.

He said that when it was time for repayment, defendant refused to pay, while efforts by the company to locate her were unsuccessful.

The prosecutor said the case was reported to the police and the defendant was arrested.

Adejumola said the offences contravened Sections 287 and 315 of the Criminal Laws of Lagos State, 2015.

The News Agency of Nigeria (NAN) reports that Section 287 prescribes three years’ jail term for stealing, while Section 315 attracts 15 years for obtaining money under false pretence.

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

The Magistrate, Mrs O. A. Odubayo, granted the defendant N20,000 bail with one surety in like sum.

Odubayo said that the surety should be gainfully employed and show evidence of two years tax payment to the Lagos State Government.

The magistrate adjourned the case until Jan. 18, for further hearing.


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