A 26-year-old woman, Fikayo Makinde has been arraigned before an Ile-Ife Magistrates’ Court for allegedly failing to refund the money she borrowed from her fellow traders.

The accused person was said to have allegedly defrauded two women to the tune of N5.4 million between March 2019 to July 2019 at Lagere in Ile-Ife.

The Police Prosecutor, Inspector Sunday Osanyintuyi, told the court that the accused person obtained cash sum of N4,770,000 from one James Oyetade with pretence to use the money for business and refund.

He added that the accused person converted the cash into her own use.

According to him, the accused person also obtained cash sum of N630,000 from one Funke Akingboye with pretence to use the money for business before paying it back.

But the prosecutor argued that she failed to refund the said N630,000 to Akingboye after doing the said business.

The offence committed contravened sections 383 (2) (f), 390(9) and 419 of the Criminal Code, Laws of Osun, 2002.

The accused person, however, pleaded not guilty to four-count charge of fraud and conversion levelled against her.

The defense counsel, Mr Babawale Omodogbe, prayed the court to grant his client bail in most liberal term, promising the court that accused person would furnish the court with reliable sureties.

Magistrate Abiona Adebayo granted the bail of the accused person in the sum of N1 million with one surety in like sum.

Adebayo added that the sureties must swear to affidavit of means, resides within the court jurisdiction with proof of land ownership.

The case was adjourned till March 3, 2021.

DailyPost