Osun: Two workers in court over N16.7m fraud

Two staff members of a firm, Sefolad Company, have been dragged before a Chief Magistrate’s Court sitting in Osogbo, Osun State, for allegedly defrauding their employer of N16,773,100:00.
They are Olatunbosun Mujidat, a 38-year-old woman, and Adebiyi Adedayo, a 53-year-old man.

The Osun State Police Command arraigned them on Monday for fraud, theft, and threatening the life of the complainant, Alhaja Serifat Omobolanle, a woman based outside Nigeria.

The police prosecutor, Inspector A. Anifowose, alleged that the defendants conspired to defraud Omobolanle of the sum of N16,773,100:00 under the pretence of remitting the money into the company’s account, but diverted it into their personal accounts.

He added that the defendants threatened the complainant’s life “because of the fraudulent act they have done to her company’s fund.”

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Mujidat and Adebayo were said to have committed the offence between August 2024 and July 2025 at Safolad Company in Osogbo.

According to the investigating team, the defendants were some of the complainant’s staff, and Mujidat was managing the company in the complainant’s absence. When the complainant arrived from overseas, she discovered changes in the company’s account.

He stressed that the offences contradict and are punishable under sections 516, 419, 390, and 86 of the Criminal Code, Cap 34, Vol II, Laws of Osun State, Nigeria, 2002.

The defendants, however, pleaded not guilty to all charges.
The counsel for the defendants, M. K. Omolade, applied for the defendants’ bail on the most liberal terms.

The police prosecutor opposed the defendants’ bail, explaining that they had previously been arrested but were later released on October 10, 2025, and arguing that the accused persons continued to threaten the complainant.

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Presiding Chief Magistrate Olusegun Ayilara granted the defendants bail in the sum of #5 million, with two sureties each in the like amount.

He added that one of the sureties must be a civil servant not below grade level 15, must provide letters of appointment, promotion, and an introductory letter, and must be a homeowner.

Ayilara added that the sureties must present valid means of identification. The case was adjourned till March 2, 2026, for mention.
(Guardian)