Microfinance Bank Drags Loan Defaulter To Court



Paul Iyoghojie

The management of Lapo Microfinance Bank, Oshodi, Lagos has dragged an alleged loan defaulter, Mrs. Modupe Marques, 50, before a Lagos Magistrate Court for obtaining a credit facility of N1.5 million by false pretence and refused to refund the money as agreed.

The accused was arrested by policemen from Zone 2 Command, Onikan, Lagos Island following a petition by the management of Lapo Microfinance Bank to the AIG Zone 2 Command, Onikan, Lagos, Adamu Ibrahim.

The accused, a resident of Anthony Area of Lagos was arraigned before an Igbosere Magistrate Court, Lagos on a 3-count charge of felony to wit, obtaining credit facility by false pretence.

Police prosecutor, ASP Eshiet Eshiet informed the court in charge No L/34/2017 that the accused committed the alleged offence on 17 August, 2016 in Oshodi Area of Lagos.

Eshiet told the court that the accused falsely…

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