Woman arraigned for allegedly defrauding Bank of N2m

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A 40-year-old businesswoman, Victoria Oguntunde, was on Thursday brought before the Mapo Grade A Customary Court in Ibadan, Oyo State, for allegedly defrauding First Bank of Nigeria of two million naira.

Oguntunde denied the charges of attempted felony, false pretence, and theft.

The court’s President, S.M. Akintayo, granted Oguntunde bail in the amount of N100,000, with two reliable sureties who must each provide a valid identification card and proof of three years of tax payment to the Oyo State Government.

The case was adjourned to June 3 for trial.

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Prosecutor Inspector Ayodele Ayeni told the court that Oguntunde committed the alleged offence on August 8, 2024, around 1:00 p.m. at the Mokola branch of First Bank.

According to Ayeni, Oguntunde applied for a two-million-naira loan through the bank’s Relationship Officer, Oluwabunmi Ologundudu, agreeing to repay it with interest.

However, she failed to meet any of her repayment obligations since receiving the loan in 2024.

The charges against Oguntunde contravene Sections 509, 419, and 390(9) of the Criminal Code, Cap. 38, Vol. II, Laws of Oyo State, 2000.

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