A 40-year-old businesswoman, Farida Shehu, was on Tuesday arraigned in a Kaduna Chief Magistrates’ Court over alleged N8.1m fraud.
The defendant, a resident of Ungwan Sanusi, in Kaduna is standing trial on a three-count charge of criminal conspiracy, breach of trust, and fraud.
The Prosecutor, Insp. Chidi Leo told the court that Haruna Yusuf reported the matter at the Gabasawa Police Station on Feb. 2.
Leo said that the defendant allegedly conspired with two others now at large, acted in a fraudulent manner, and deceived the complainant into entrusting N8.1m to them sometime in September 2022.
He said that the money was meant for business purposes, but the defendant and her accomplices misappropriated and converted it for their own use.
According to the prosecutor, the offences contravened Sections 79, 241, and 322 of the Penal Code of Kaduna State, 2017.
The defendant, however, pleaded not guilty.
Read Also : Alleged N3Bn fraud charge: Court asked to grant gov Bello’s nephew, three others bail
The Magistrate, Ibrahim Emmanuel, granted the defendant bail in the sum of N1 million with two sureties in like sum, one of whom must be a blood relation.
Emmanuel said the sureties must be gainfully employed with evidence of two years’ of tax payment to the Kaduna State government.
He adjourned the case until March 30, for a hearing.
Credit: NAN
