ENUGU, Nigeria (VOICE OF NAIJA) – A woman, Ruth Iwegue, has been arraigned by the Lagos State Police Command on Wednesday for allegedly defrauding Marchant Flutterwave Technologies Solution Limited of over N2.8bn.
She was arraigned on five counts of fraud, unlawful conversion and burgling of a financial account before Chief Magistrate Adeola Olatunbosun of Yaba Chief Magistrate’s Court.
The Police prosecutor attached to the State Criminal Investigation Department, A. O. Nwabuisi, told the court that the defendant, along with her accomplices, logged into the financial portals of the firm and transferred the amount to their accounts.
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The 32-year-old defendant was said to have received N821.3m transferred to her two accounts.
According to the prosecutor, Iwegue and her accomplices committed the offences between 5 and 7 February 2023.
Nwabuisi said the offences contravened and are punishable under Sections 314 and 328 of the Criminal Law of Lagos State, 2015 and Sections 8(a), 1(1) of the Advance Fee Fraud and Other Related Offences Act 2006.
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However, the defendant pleaded not guilty to the charges preferred against her.
Divine Chiefuna, the defence counsel, prayed the court to grant the defendant bail in the most liberal term.
The magistrate, therefore, admitted the defendant to bail in the sum of N20m with two responsible sureties in like sum.
Magistrate Olatunbosun adjourned the case till 31 July 2023.