Woman Arrested, Arraigned For Alleged N7million Fraud

The police in Oyo state have sued a 37yrs old woman, Oyeranti Martins, at an Iyaganku Magistrates’ Court, Ibadan for allegedly obtaining N7million under false pretence.

Martins, of Plot 6, Afolabi Femi Street, All Saint Road, Idi-Ishin, Ibadan, is facing a five-count charge on obtaining money under false pretence.

The prosecutor, Salewa Ahmed, said the accused committed the offences between 2014 and 2015.

He said: “Martins fraudulently collected N6 million from Osubu Adenike on the pretext of selling shares of First City Monument Bank to her.

“She also fraudulently collected N1million from Florence Oluwawemida on the pretext of selling shares to her, knowing same to be false.”

Ahmed said the accused converted the N7million collected from the complainants to her use.

The accused pleaded not guilty.

The Magistrate, Mrs. M.A. Amole-Ajimoti, granted the accused bail at N500,000 with two sureties.

She said one of the sureties must be a relation of the accused and adjourned the case till December 22.