A woman, Ijeoma Udeabor, who allegedly obtained N4.5 million under the guise of investing it in a gold multi-level marketing (MLM) online business, was yesterday brought before an Igbosere Magistrates’ Court in Lagos.
Udeabor, 33, was arraigned by the police before Mrs O. O. Oshin, on a three-count charge of fraud.
Prosecutor Assistant Superintendent of Police (ASP), George Nwosu, allege
He said Udeabor obtained N4.5m frd that Udeabor committed the offence sometime in January 2017 in Lagos.om two women under guise of investing the money in Swiss Golden Investment, an online investment that purportedly deals in buying and selling of gold bars.
The court heard that Udeabor promised the complainants, Mrs Chika Okoli and Mrs Ifeayinwa Ukanna, that she would refund their capital with an interest of N1.5 million each after 60 days of investing the capital.
According to Nwosu, the defendant allegedly obtained N2.25 million from each complainant through her Guaranty Trust Bank (GTBank) account.
The prosecutor said the offences contravened Sections 312 (1) (a) and 409 of the Criminal Law of Lagos State, 2011.
Udeabor pleaded not guilty.
Her counsel, Mr I. E. Okoroafor, applied for the defendant’s bail “on the most liberal terms.”
Okoroafor prayed the court to allow him stand as surety for the defendant, adding that he was aware of the implications of such decision.
He presented his National Youth Service Corp (NYSC) Discharge Certificate, Call to Bar Certificate and Bachelor of Laws (BL) Certificate to prove his preparedness to guarantee Udeabor’s appearance for trial.
In a bench ruling, Magistrate Oshin granted the defendant N200,000 bail with one surety in the like sum, among other conditions.
