The Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) has brought charges against businesswoman Oluwabiyi Peace before Justice O.A. Adeyemi of the Oyo State High Court in Ibadan for allegedly issuing a dud cheque valued at N13,000,000....CONTINUE READING>>>
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 lone-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.”
She pleaded “not guilty” when the charge was read to her.
Following her not guilty plea, prosecution counsel Mabas Mabur asked the court for a trial date and prayed the court to remand the defendant in the Correctional Center.
However, defence counsel, A.A. Maisolati informed the court of a bail application filed and served on the prosecution on behalf of his client. He prayed the court to admit his client to bail in most liberal terms.
After listening to the prayers of the counsels, Justice Adeyemi admitted the defendant to bail in the sum of N5million and two sureties in like sum. The sureties must be property owners in Oyo State.
The court further ordered that the defendant be remanded in the EFCC detention facility pending the perfection of her bail conditions.
The judge adjourned the matter to March 27, 2024 for trial.
