N350 Million Fraud: Woman Faces Court For Allegedly Defrauding Business

N350 Million Fraud: Woman Faces Court For Allegedly Defrauding Business....KINDLY READ THE FULL STORY HERE▶

The Lagos State Police Command arraigned 35-year-old Rukayya Dantata on Tuesday for allegedly defrauding a Bureau de Change consulting firm of N350,900,000. Dantata faced two counts of fraud, cheating, and obtaining money under false pretenses at the Ikeja Special Offences Court……CONTINUE READING 

Prosecutor Ezekiel Rimamsomte informed the court that Dantata committed the alleged offenses between July and August 2022. He claimed she acquired N350,900,000 through fraudulent means, which was transferred into her Zenith Bank account (2082551256) and her company, Adat Ventures’ account (1014937041), under her name, Rukayya Saadina Dantata.

Rimamsomte alleged that Dantata deceived her victims, including Saka Rasak of Rosiyike and others from Financial Consultant Ltd, by pretending to conduct legitimate business transactions. The offenses allegedly violated Section 1(a)(3) of the Advance Fee Fraud and Other Related Offences Act 2006 and Section 323 of the Criminal Law of Lagos State 2015.

Dantata pleaded not guilty to the charges. Her defense counsel, David Igbodo, filed a bail application dated August 30, which was submitted on September 4, 2024. Igbodo requested bail under “the most liberal terms,” highlighting that Dantata had complied with all summons from the police and the Economic and Financial Crimes Commission (EFCC) and had not absconded, despite health challenges.

Igbodo noted that Dantata’s husband, Alhaji Ismaih Singer, and a supporter, Otunba Olutaye Ariyo, were present in court to facilitate her bail. The prosecutor did not oppose the bail request and deferred the decision to the court’s discretion.

In a brief ruling, Justice Rahmon Oshodi granted Dantata bail set at N30 million, requiring two sureties of equal sum. The judge specified that both sureties must provide an affidavit of means and evidence of three years of tax payments to the Lagos State Government. Additionally, Justice Oshodi ordered Dantata to deposit her passport and other travel documents with the court’s chief registrar, who must verify both her home and office addresses.

The case is adjourned to December 3, 2024, for trial.