The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) has arraigned a businesswoman, Oluwabiyi Peace before Justice O.A. Adeyemi of the Oyo State High Court, in Ibadan for issuing a dud cheque worth N13million to a customer.
She was arraigned on Wednesday, February 14, 2024 alongside her company, Just Series Nigeria Limited, on a one-count charge bordering on issuance of dishonoured cheque.
The One Count Charge Reads: “That you Oluwabiyi Peace and Just Series Nigeria Limited, on or about the 29th of June, 2021 at Ibadan within the jurisdiction of this Honourable Court, issued First City Monument Bank Plc Cheque No. 0037862154, dated 29th of June, 2021 in the sum of (N13, 000, 000.00) Thirteen Million Naira only, made payable to Nuru Bello, which when presented for payment within three months was dishonoured on the grounds that no funds or insufficient funds were standing to the credit of the account on which the Cheque was drawn, thereby committed the offence of issuance of dishonoured cheque contrary to Sections 1 (1) (a) and 1 (1) (i) of the Dishonoured Cheque (Offences) Act, Cap D 11 Laws of the Federation of Nigeria, 2004.”
When the charge was read to Oluwabiyi, she pleaded “not guilty” to the offence.
Following her not guilty plea, the prosecuting EFCC lawyer, Mabas Mabur, asked the court for a trial date and prayed the court to remand Oluwabiyi in the Correctional Centre.
But the defence lawyer , A.A. Maisolati, informed the court of a bail application filed and served on the prosecution on behalf of his client.
He therefore urged the court to admit his client to bail in most liberal terms.
After listening to the parties, Justice Adeyemi admitted Olwabiyi to bail in the sum of N5million and two sureties in like sum, saying that the sureties must be property owners in Oyo State.
The judge further ordered that Oluwabiyi be remanded in the EFCC detention facility pending the perfection of her bail conditions.
Justice Adeyemi later adjourned the matter till March 27, 2024 for trial.
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