A 38-year-old microfinance banker, Uwem Okon, on Thursday, appeared in a Lugbe Grade I Area Court, Abuja, for allegedly defrauding a customer of N125,000.
The police charged Okon, who was the manager of Nowem Multipurpose Co-operative, in Lugbe, Abuja, with two counts of criminal breach of trust and cheating.
The Prosecution Counsel, Mrs Nwokocha Amarachi, holding brief for A.O. Urom, told the court that the complainant, Ugochi Ugochukwu of Aco/Amac Estate Lugbe, Abuja, reported the case at the Lugbe Police Station on Aug. 8, 2018.
She said that on April 29, 2018, Okon criminally received N125, 000 from the complainant as fixed deposit.
Amarachi said that Okon dubiously and fraudulently collected the money, refused to deposit it to the cooperative and converted it to his personal use.
The prosecutor noted that the defendant collected the money from the complainant under false pretences of running a multipurpose co-operative.
According to Amarachi, all efforts made by the complainant to collect the money failed.
She also alleged that the defendant confessed to the crime during police investigation.
The offence, she said, contravened the provisions of sections 312 and 322 of the Penal Code.
However, Okon, now working with Loyers Microfinance Bank, Mabushi, Abuja, pleaded not guilty to the charge.
The Judge, Abubakar Sadiq, admitted the defendant bail in the sum of N100, 000 with a reasonable surety in like sum.
Sadiq ordered that the surety must be a civil servant not below GL07, who must reside within the court’s jurisdiction.
He adjourned the case until Aug. 8, for hearing.