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Defaulting businesswoman faces fraud charges

22 May 2014, 20:02

Lagos - A businesswoman will appear in court on Friday to answer to charges bordering on fraud and forgery after allegedly defaulting on repaying a loan of N30 million.

According to the Economic and Financial Crimes Commission (EFCC), operatives of the commission arrested Mary Okoh also known as Josephine Williams, was arrested following a complaint by Okon Abasi, executive officer of Mutual Alliance Property Development Company Limited.

The suspect was alleged to have obtained the sum of N30 million from Okon Abasi as loan and gave him a Certificate of Occupancy for her landed property situated at Gwarimpa, Abuja as collateral.

The suspect allegedly defaulted in payment of the loan and also sold the property used as collateral to Lead British Schools, Gwarimpa with another Certificate of Occupancy.

The Commission added that investigation into the scam has been concluded and the suspect will be arraigned at the Federal Capital Territory High Court, Abuja.

– CAJ News

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