Ibadan, Sept. 18, 2025 (NAN) A trader, Olanike Oyedele, 32, on Thursday, appeared before an Iyaganku Chief Magistrates’ Court, Ibadan, for allegedly duping a trading company of N12 million.
The defendant, whose address was not provided, is being prosecuted on three counts of conspiracy, fraud and stealing.
Oyedele pleaded not guilty to the charges preferred against him.
The police prosecutor, Cpl. Oluwaseun Johnson, told the court that the defendant allegedly conspired together with others at large to commit the act of fraud.
Johnson alleged that Oyedele between 2023 and 2025 obtained goods valued N12 million on false pretences from CGF Infinity Solution.
According to the prosecutor, the defendant subsequently failed to repay the money to the complainant.
Johnson said the offences were committed at Olorunkole area of Ibadan.
She said that the offences contravened Sections 386, 390 (6), 419 and 516 of the Criminal Code l, Laws of Oyo State, 2000.
The Magistrate, Mr M. Mudashiru admitted the defendant to bail in the sum of N5 million with two sureties in like sum.
Mudashiru said one of the sureties must be a parent of the defendant with voters card or driving licence while the other surety should have three years tax clearance.
He adjourned the matter untill Nov. 11, for hearing. (NAN)
