A 39-year-old businesswoman, Shodiyan Bisoye, was on Monday brought before a Yaba Chief Magistrates’ Court in Lagos for allegedly issuing N4.1 million dud cheque to an investment company.
Bisoye, who resides in Iyana Oba area of Lagos, is being tried on a count charge of issuing dud cheque to the complainant, Virtue One Global Investment Ltd.
Police Prosecutor, ASP Roman Unuigbe, told the court that the accused committed the offence on Sept. 29, 2017, at Block 2, Flat 6 of Iba Housing Estate in Iyana Oba area of Lagos.
READ ALSO: Igbo community confers title on Sanwo-Olu
Unuigbe said that the accused collected a loan from the investment company to invest in her business and later issued N4.1 million dud cheque to them as repayment of the loan.
He said that when they presented the Diamond Bank cheque with No 0065433938 for payment, the cheque was dishonoured by the bank due to insufficient money in the said account.
The offence contravened Section 319 of Criminal Laws of Lagos State, 2015 (Revised).
The accused, however, pleaded not guilty to the charge.
Chief Magistrate Peter Ojo, granted the accused bail in the sum of N500,000 with two sureties in like sum.
Ojo said the sureties, who must be gainfully employed, must reside within the court’s jurisdiction and show evidence of three years tax payment to Lagos State.
He adjourned the case until Jan. 9 for further hearing. (NAN)