By Olawale Akinremi
A 39 year-old alleged fake money lender,( loan shark) Joshua Akinola was on Tuesday docked in a Mapo Grade A Customary Court in Ibadan for multiple fraud.
However, Akinola pleaded not guilty to the eight-count charge of false pretence and theft filed against him by the police.
The court President, Mrs O.E. Owoseni consequently, admitted the defendant to bail in the sum of N500,000 with two reliable sureties each in like sum.
Owoseni added that each of the sureties must show evidence of possessing a landed property within the court’s jurisdiction in addition to providing their National identification Number (NIN) for verification.
She adjourned the case until June 18 for hearing.
Earlier, the Prosecution Counsel, Insp Ayodele Ayeni told the court that the defendant committed the crime between Aug. 23, 2025 and January 2026, at Ogunpa Market, Ibadan, Oyo State.
Shedding more light on the matter, Ayeni said that Akinola fraudulently obtained the sum of N334,500 from one Lusia Ajikobi after an agreement that he would give her a loan.
He further stated that the defendant also obtained the sum of N437,000 from another complainant, Samson Akinola under the same agreement.
According to Ayeni, Akinola went further to falsely obtain the sum of N250,000 from Adebisi Adebowale and N160,000 from Alimat Sanusi under the agreement that he would provide them loans.
He stated that the offence contravened the provisions of Sections 419 and 390 (9) of the Criminal Code, laws of Oyo State, 2000. (NAN) (www.nannews.ng)
Edited by Sadiya Hamza
