Friday, October 7, 2022

Lagos businesswoman docked over N110 investment scam

Mr Akanno said that Ms Anthony collected the N110 million from the complainants to invest in a business on their behalf but she failed to do so.

• August 16, 2022
Court symbol used to tell the story
Court symbol used to tell the story

An Ikeja Special Offences Court on Tuesday granted businesswoman Emilia Anthony and her company, Savanah Crest Investment Ltd., N10 million bail for allegedly defrauding three people of N110 million.

Justice Abike Fadipe said that Ms Anthony should also provide one surety,  who must be related to her.

Ms Fadipe added that the surety must have a landed property within the court’s jurisdiction.

She then adjourned the case until September 23 for trial.

The defendants are facing a six-count charge  bordering on conspiracy, fraud and stealing, to which she pleaded not guilty.

Earlier, the police prosecutor, Innocent Akanno, told the court that the defendants committed the offences in 2018 in Lagos.

Mr Akanno said that the defendants collected the N110 million from the complainants, Racheal Akintola, Ruth Atte and Wendy Daniel, to invest it in a business, but she failed to do so.

Mr Akanno said that the defendant converted the money to her personal use.

He said that the offences contravened Sections 411 and 287 of the Criminal law of Lagos State, 2015.

Section 287 stipulates three years jail term for stealing, while Section 411 provides two years for conspiracy.

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