MMM: A 44 year old woman has been arraigned in court for alleged N50,000 fraud,

A business woman, Alice Ejike, has been arraigned before a Karmo Grade1, Area court, Abuja over alleged MMM fraud.

Ejike, was said to have dubiously and deceitfully convinced one Sunday Enyi of Karmo village to invest the sum of N50,000 in the defunct ponzi scheme, MMM, on July 20.

The complainant said that the business woman told him that the money would multiply in a month, 
knowing that the Ponzi scheme had crashed.

The Prosecutor, Florence Avhioboh, disclosed to the court that Enyi reported the matter at the Karmo Police Station on September 6.

she further said that the 44-year-old, after collecting the money converted it to her personal use.
“When he went to collect his money as they agreed, she used her children to prevent him from seeing her,” Avhioboh said.

 According to Avhioboh, the suspect had during police investigation claimed to have deposited the money into the complainant’s MMM account.

Avhioboh said the offences contravened Sections 322 and 321 of the Penal Code.

The woman, however, denied committing the offences.

Against this backdrop, the Judge, Alhaji Abubakar Sadiq, granted her bail in the sum of N20, 000 and a surety in like sum.


The case was however, adjourned till October 3 for hearing.


Source: daily post