A 32-year-old businesswoman, Asma’u Abiola, on Tuesday appeared in a Wuse Zone Six Chief Magistrates’ Court, Abuja, for allegedly defrauding her business partner of N300,000.

The police arraigned Abiola on a two-count charge of criminal breach of trust and cheating. She, however, pleaded not guilty to the charges.

The prosecutor, Mr Peter Ejike told the court that the complainant, Ramatu Abdullahi, reported the matter to the office of the AIG Zone 7 through a written petition on Feb. 25.

Ejike said the defendant deceived the complainant into investing the sum of N300,000 into her co-operative business with the promise to return the money with an interest.

He said the defendant failed to return the money and the interest; she converted the money to her personal use.
Ejike said during police investigation, the defendant admitted to have committed the offences.

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The prosecuctor said the offences contravened Sections 312 and 322 of the Penal Code.

Defence Counsel, Mr Favour Okoro, urged the court to grant her client bail in the most liberal terms.

The Magistrate, Mr Abdulmajid Oniyangi, granted the defendant bail in the sum of N500, 000 with one surety in like sum.

Oniyangi ordered that the surety must reside within the court’s jurisdiction.

He adjourned the case until March 25 for mention.