A 28-year-old thrift collector, Adeyemi Kamaldeen, has been arraigned before an Iyaganku Chief Magistrates’ Court on Friday for allegedly defrauding his client of N3.01 million deposited with him.
The defendant, of undisclosed address, was charged on two counts bordering on fraud and stealing.
The Prosecutor, Cpl. Akeem Akinloye, told the court that between January 2024 and January 2025, the dedendant allegedly obtained N3,017,000 from one Mrs Olamide Akande.
Akinloye said the defendant allegedly obtained the money fraudulently from the complainant under the pretence of collecting daily/ monthly thrift from her at Challenge Area in Ibadan.
He said the defendant allegedly stole the money by refusing to refund it as at when due, and allegedly converted the money to his own use without Akande’s consent.
The prosecutor said the offence waz contrary to Section 383 and punishable under Sections 390(9) and 419.
Counsel to the defendant, Mr Kolawole Adegoke, asked for bail of his client in liberal terms, and promised that he would not jump bail.
Kamaldeen, however, pleaded not guilty to the charges.
The Chief Magistrate, Mrs Olabisi Ogunkanmi, admitted the defendant to bail in the sum of N250,000 with two sureties in like sum.
Ogunkanmi said one of the sureties must be a blood relative to the defendant.
She, thereafter, adjourned the case untill May 6 for hearing.