Ejike, a business woman was said to have dubiously and deceitfully convinced one Sunday Enyi of Karmo village to invest the sum of N50,000 in the defunct ponzi scheme, MMM, on July 20.
The complainant said that the business woman told him that the money would multiply in a month, knowing that the Ponzi scheme had crashed.
Avhioboh disclosed that the 44-year-old, after collecting the money converted it to her personal use.
“When he went to collect his money as they agreed, she used her children to prevent him from seeing her,” Avhioboh said.
Avhioboh said the offences contravened Sections 322 and 321 of the Penal Code.
The 44-year-old, however, denied committing the offences.
Against this backdrop, the Judge, Alhaji Abubakar Sadiq, granted her bail in the sum of N20, 000 and a surety in like sum.
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