A 39-year-old business woman, Amarachukwu Nwairu, is facing an alleged N14.4 million fraud before Magistate M.1 Dan-Oni of an Ikeja Magistrates’ court.

The defendant, who resides at No 31, Adeola Avenue, Karaole Estate, Ogba, Lagos, is being tried on a four-count charge bordering on stealing, fraud and conspiracy, an offence she has denied committing.

The Prosecutor, Insp Victor Eruada, said the defendant with others still at large, committed the offences sometime in August 2017, at Maryland, Lagos.

He alleged that the defendant defrauded three complainants, Mrs Jane Tochukwu, Franca Okorafor and Oluwakemi Omisore of N14.4 million.

Eruada told the court that the defendant under false pretext of being a Swiss gold representative in Nigeria and with a promise to supply each of them gold defrauded them of the sum.

“When the complainants demanded for their money, the defendant threatened to kill them which made them to report the case to the police,’’ the prosecutor said.

He said that the offences violated Sections 411, 287 and 314 of the Criminal Law of Lagos State, 2015.

The News Agency of Nigeria (NAN) reports that Section 287 stipulates three years imprisonment for stealing while Section 314 prescribes 15 years imprisonment for obtaining money under false pretext for any convicted offender.

The magistrate granted the defendant bail in the sum of N1million with two sureties in like sum.

Dan-Oni ruled that the sureties should be gainfully employed and must show evidence of two years tax payment to the Lagos State Government.

The magistrate adjourned the case until Feb. 19 for mention. (NAN)