There might be an explanation for actor Jim Iyke’s recent lavish spending include purchase of two extra expensive cars. The actor aged 35, was on Thursday arraigned before an Abuja Chief Magistrates’ Court charged with N15 million fraud.
The Police Prosecutor, Mr Chijoke Okezie, told the court that on Aug. 8, Habiba Abubakar wrote a petition to the Inspector General of Police (IG) to investigate the fraud, 234next reports. He said that investigation into the case revealed that the accused, a resident of Sunnyville Estate, Abuja, deceived Abubakar into acquiring 15 per cent equity shares to the tune of N15 million from his company, Untamed Records Ltd.
Okezie said the accused admitted that the complainant paid the money into his Oceanic Bank account No. 00500173691, deviating from his initial plan of investment and converted the money to his personal use.
He added that when the complainant confronted the accused, he resorted to beating her and threatened to kill her. Okezie said the accused was charged with criminal breach of trust, criminal force, assault, cheating and criminal misappropriation.
The accused pleaded not guilty to the charges. Jim Iyke got bail on liberal terms and for self recognition.
Chief Magistrate Okeagu Azubike, said that the bail application had merit and granted the accused bail in the sum of N500,000 with two sureties in like sum. He ordered that the sureties must be responsible Nigerians who must reside within the jurisdiction of the court. He adjourned the case to Dec. 9, to enable the police complete their investigation.
The Police Prosecutor, Mr Chijoke Okezie, told the court that on Aug. 8, Habiba Abubakar wrote a petition to the Inspector General of Police (IG) to investigate the fraud, 234next reports. He said that investigation into the case revealed that the accused, a resident of Sunnyville Estate, Abuja, deceived Abubakar into acquiring 15 per cent equity shares to the tune of N15 million from his company, Untamed Records Ltd.
Okezie said the accused admitted that the complainant paid the money into his Oceanic Bank account No. 00500173691, deviating from his initial plan of investment and converted the money to his personal use.
He added that when the complainant confronted the accused, he resorted to beating her and threatened to kill her. Okezie said the accused was charged with criminal breach of trust, criminal force, assault, cheating and criminal misappropriation.
The accused pleaded not guilty to the charges. Jim Iyke got bail on liberal terms and for self recognition.
Chief Magistrate Okeagu Azubike, said that the bail application had merit and granted the accused bail in the sum of N500,000 with two sureties in like sum. He ordered that the sureties must be responsible Nigerians who must reside within the jurisdiction of the court. He adjourned the case to Dec. 9, to enable the police complete their investigation.
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