Woman arraigned for issuing dud cheque

Date: 2012-06-08

A  32-year-old woman, Temilade Olapade, was yesterday arraigned before an Ilorin Magistrate’s Court in Kwara State for allegedly issuing a dud cheque to service a loan.

She appeared before Magistrate Saidat Sambo on a one-count charge of issuance of dud cheque, which contravenes the Dishonoured Cheque Laws of the Federation Volume 102 of Decree 1990.

The accused was alleged to have approached the First Amalgamated Building Society Limited for a loan facility of N500 000.00, which was granted her for 30 days, but her post-dated cheque was returned as dud on presentation at the bank.

The charge sheet reads: "That you (Temilade Olapade) issued a post-dated cheque of Sterling Bank No. 03845812 for the sum of five hundred and fifty thousand naira (N550 000.00) to the bank which was returned as a dud cheque on presentation.

"Efforts made to collect the money back from you proved abortive."

The police prosecutor, Matthew Ologbonsaye, objected to the bail of the accused on the grounds that the offence was not ordinarily bailable. He urged the court to remand her in prison. 

Ologbonsaye asked for another day for mention, noting that discreet investigation was still in progress.

Counsel to the accused, Mr. Saka Yusuf, pleaded with the court to release her on bail to enable her speak with her lawyer.

Ruling on the bail, Magistrate Sambo admitted the accused to bail in the sum of N100,000 with three sureties, one which must deposit N40, 000.

The case was adjourned till June 26 for further mention.

Source

 

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