A 25-year-old woman, the Micro-finance Bank Clerk, Akintaro Folasade, was docked on Thursday, before an Ile-Ife Magistrates' Court over alleged N1.2 million fraud.
The Police Prosecutor, Insp Adesina Elijah, told the court that the defendant committed the offence on May 28, 2024 around 09:00 am at Moore Area, Ile-Ife.
Elijah explained that the defendant fraudulently converted the sum of N1. 207,500 of one Adesetan Ademola to her own use.
He adding that 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 one-count charge of fraud.
Magistrate Taofeek Badmus granted the bail of the defendant in the sum of N1 million with two sureties each in like sum.
Badmus stated that the sureties must swear to affidavit of means, resides within the court jurisdiction, the addresses to be verified by the prosecutor.
He adding that the sureties must produce three years tax clearance certificates, with three recent passport photograph each.
Badmus said that one of the sureties must pay N250,000 to the court which would be returned at the end of the trial.
Meanwhile, the Magistrate ordered for the remand of the defendant in Ilesa Nigerian Correctional Service, pending the perfection of her bail.
The case was adjourned until July 4, for hearing.
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