A 40-year-old businesswoman, Victoria Oguntunde, was on Thursday arraigned before a Mapo Grade A Customary Court in Ibadan, Oyo State, for allegedly defrauding First Bank of Nigeria of two million naira.

Oguntunde pleaded not guilty to the three-count charge of attempted felony, false pretence and stealing levelled against her.

The court’s President, S.M. Akintayo, admitted the defendant to bail in the sum of N100,000, with two reliable sureties in like sum, who must have a valid identity card each.

Ms Akintayo also said that the sureties must show evidence of three years tax payment to Oyo State Government.

She, thereafter, adjourned the case until June 3 for trial.

The Prosecutor, Inspector Ayodele Ayeni, had told the court that the defendant committed the offence on August 8, 2024, at about 1.00 p.m. at Mokola branch of First Bank, Ibadan.

Mr Ayeni further said that Oguntunde had, through the bank’s Relationship Officer, Oluwabunmi Ologundudu, applied for a two-million-naira loan, with the agreement that she would pay the necessary interest.

He said that the defendant refused to fulfil any of the obligations expected of her after obtaining the two-million-naira loan since 2024.

The offences, according to him, contravened the provisions of Sections 509, 419 and 390(9) of the Criminal Code. Cap. 38, Vol. II, Laws of Oyo State, 2000.

(NAN)