Man Sued For Defrauding Microfinance Bank

A business man sued for defrauding Microfinance bank to the tune of 496,000.

Abdulsalau Salami appeared in an Ogudu Magistrates’ Court in Lagos on Tuesday for allegedly defrauding the Davo-Dani Microfinance.

According to prosecution, Donjour Perez , the defendant committed the crime in May 2019 at the microfinance bank in Ogudu, Lagos.

Donjour alleged that Salami loaned the money from the microfinance promising to repay in due time but failed to.

The defendant issued the prosecution a dud check for 496,000, an attempt at defrauding Microfinance bank.

He also revealed that the bank had tried different means to get their money back from the debtor, all to no avail.

Perezi said Salami’s actions contravened the provisions of sections 287 and 321(b), 315 of the Criminal Law of Lagos State, 2015.

The presiding magistrate, O.M. Ajayi granted the defendant a N100,000 bail and two sureties equivalent to the sum.

The case was also adjourned to the 25th of November.