A 47-year-old trader, Monsurat Obafemi, on Thursday, appeared before an Ikeja magistrate court in Lagos for allegedly obtaining N60,000 under false pretense.
Obafemi, who lives at Alagbado in Ogun, is being tried for obtaining money under false pretense and stealing.
The Prosecutor, Olasunkanmi Adejumola, told the court that the defendant committed the offences in August, 2020, at Ogba, Lagos.
Adejumola said the defendant obtained N60,000 loan from Capital Boost Nigeria Ltd. on pretense of using it for business, promising to pay back at a later date, but that when it was time for repayment, the defendant refused to pay and effort by the company to locate her was unsuccessful.
Adejumola said the offenses contravened Sections 287 and 315 of the Criminal Laws of Lagos State, 2015.
Newsmen reports that Section 287 prescribes three years’ jail term for stealing, while Section 315 attracts 15 years for obtaining money under false pretense.
The defendant, however, pleaded not guilty to the charges.
The Magistrate, O. A. Odubayo, granted the defendant N20,000 bail with one surety in like sum and adjourned the case to January 18, 2021.