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I repaid N1.1m loan ‘in-kind’ three times at different hotels, 49-year-old woman tells court


I repaid N1.1m loan ‘in-kind’ three times at different hotels, 49-year-old woman tells court

A Lagos-based businesswoman on Monday told an Ojo Magistrates’ Court how she repaid part of a N1.1 million loan she took from a man in kind.

49-year-old Ejioma Ahibafu, a trader who sells bags of rice, pleaded not guilty to a two-count of obtaining money by false pretense and stealing brought against her.

The defendant, who spoke in pidgin, told the court that the said loan was obtained after a friend introduced her to the complainant.

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She said that although she was given the loan, she also delivered some bags of rice to the complainant with an understanding to pay up the balance.

Besides, the defendant informed the court that before she was given the loan by the complainant, she had to pay him in “kind” on three different occasions in a hotel.

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The Prosecutor, Mr Simon Uche, had earlier told the court that the defendant obtained a loan of N1.1m for rice business from one Emma, a businessman, with a promise to pay back the money in six months.

The prosecutor said that the woman refused to pay up the loan and had been evasive since then.

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He said that the offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015.

The Magistrate, Mr A.A Adesanya, granted the defendant N250,000 bail with two sureties in like sum.

He adjourned the case until Dec. 9 for mention.


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