Thrift collector arraigned in Ondo over alleged N5.1m fraud

A 39-year-old woman, Ibukun Funmilayo, has been arraigned before a Magistrate’s Court in Akure over an alleged N5.1 million fraud. Funmilayo, a thrift collector, is facing a two-count charge of obtaining money under false pretences and fraudulent conversion. The prosecuting officer, Inspector Folasade Adeyemi, told the court that the defendant allegedly defrauded one Fademine Olatunji […]

A 39-year-old woman, Ibukun Funmilayo, has been arraigned before a Magistrate’s Court in Akure over an alleged N5.1 million fraud.
Funmilayo, a thrift collector, is facing a two-count charge of obtaining money under false pretences and fraudulent conversion.
The prosecuting officer, Inspector Folasade Adeyemi, told the court that the defendant allegedly defrauded one Fademine Olatunji Morounke of N5,149,500 between January and November 2025 at Adedeji Estate along Igbatoro Road in Akure.
She alleged that the defendant converted the money to personal use, in violation of Sections 419 and 390(8)(b) of the Criminal Code Law of Ondo State, 2006.
The defendant pleaded not guilty to the charges.
Magistrate R.I. Adelakin granted her bail in the sum of N5 million with two sureties in like sum but ordered that she remain in police custody pending the fulfillment of the bail conditions or be remanded at the Olokuta Correctional Centre.
The case was adjourned until April 29, 2026, for further hearing.