A 32-year-old woman, Precious Osagie, who allegedly obtained N200, 000 from her neighbour on the pretext of investing it in an online business, was on Thursday brought before an Apapa Magistrates’ Court in Lagos State.
Osagie, whose residential address was not given, is standing trial on a three-count charge of conspiracy, fraud and stealing.
The defendant, however, pleaded not guilty to the charge.
Earlier, the Prosecutor, Insp. Edet Ekpo, told the court that the defendant committed the offences sometime in August, at 10.00 a.m. at Amokoko, Apapa, in Lagos.
He said that the defendant obtained the sum from Mrs Chinyere Nnamene under the false pretences of investing the money in the Aquatics Multilinks Resources International Ltd. for it to yield proceeds within two weeks of investment.
“The money was lost and the defendant could not give a satisfactory account of how the money was invested and could not pay back to the complainant,” Ekpo said.
He said that the offences contravened Sections 287, 314 and 411 of the Criminal Law of Lagos State, 2015.
The Magistrate, Mr Taiwo Popoola, granted him bail in the sum of N50, 000 with two sureties in like sum, who must show evidence of three years’ tax payments to the Lagos State Government.
He adjourned the case until Sept. 3 for mention.