Businesswoman arrested over alledged bank scam

By felix Kuyinu

A case of bank scam has been reported at the Police Division, Ikotun after a 50-year old woman, Adeyemo Taiwo was alledged to have obtained a loan from a Microfinance bank under the guise of being a leader of a cooperative savings organization.

Taiwo had approached the City Gate Global Investment Limited, Ikotun telling them that she had a thrift savings group with 13 members and applied for a loan through one Motunrayo Rafiu, whom she cunningly identified as a beneficiary to the loan and a member of the thrift organization. The bank eventually granted her the loan with a stipulated time of refunding.

However, after she had collected the loan, it was reported that she converted the money to maintain her businesses and solved other problems without the knowledge of Rafiu.

The matter was reported at Ikotun police Division where Taiwo was asked to provide the money she took on loan after the duration to return the money to the microfinance bank elapsed.

After being unable to refund the money, Taiwo was charged before the Ejigbo Magistrates Court for fraud, the case to which she pleaded not guilty.

The prosecutor, Supol Kenneth Asibor did not object to her bail. Thus, the Presiding Magistrate, Mr. Teslimi Shomade, granted her bail in the sum of N500,000 with two sureties in like sum.

She was remanded in prison custody pending when she would perfect her bail condition. The matter was adjourned till 16 June, 2018.