A 32-year-old woman, Ijeoma Iwegue, appeared at the Sabo-Yaba Chief District Court in Lagos for the alleged transfer of 2.9 billion naira.
Iwegue, whose residential address was not provided in court, pleaded not guilty to three counts bordering one of fraudulent transfer.
Prosecutor A. O Nwabueze told the court that Iwegue and another person who is still at large committed the crimes on February 5 and February 7 at Lot 8 Providence Street, Lekki Phase 1, Lagos. offense.
Nwabueze accused Iwegue and her associates of illegally logging into Flutterwave Technologies Solution Ltd.’s financial portal and fraudulently transferring N2.9 billion.
He submitted that the accused allegedly made transfers to various associates and investigations revealed that she deposited the total amount of N821 million into two different accounts.
Prosecutors said the offenses contravened Section 8(a) of the Advance Fee Fraud and Other Related Offenses Act 2006.
According to him, the offense is punishable under Sections 314 and 328 of the Lagos State Penal Code 2015.
Chief Magistrate Adeola Olatubosun granted bail for the accused in the amount of N20 million with three sureties.
Olatubosun ordered that one of the guarantors must be a landowner within the jurisdiction of the court and show evidence of paying taxes to the Lagos state government for three years.
However, she adjourned the case until July 31 for a hearing.