fraud, Nollywoodgossip reveals.
On Thursday, 10, Nov, 2011, the actor, who was in the news recently for acquiring multi-million naira autos, was arraigned before an Abuja Chief
Magistrates' Court charged with N15 million fraud.
According to the Police Prosecutor, Mr Chijoke
Okezie, one Habiba Abubakar wrote a petition
to the Inspector General of Police (IG) to investigate the fraud.
And during investigation, they discovered that
the actor deceived Abubakar into acquiring 15
per cent equity shares to the tune of N15 million
from his company, Untamed Records Ltd.
The police said that Jim has admitted that the
money was truly paid into his Oceanic Bank
account No. 00500173691. And the police
claimed that the money has since been used by
the actor for personal matter instead of for the
initial plans.
The police also said that when Abubakar
confronted the actor, he beat her up and threatened to kill her.
Jim Iyke is now being charged with criminal breach of trust, criminal force, assault, cheating and criminal misappropriation which contravened sections 312,265,322 397
and 309 of the Penal Code.
The actor pleaded not guilty to the charges.
His lawyer, Esther Uzoma, made an oral bail
application for the accused in pursuit of section
341(2) of the Criminal Procedural Code.
She prayed the court to grant the accused bail on liberal terms and for self-recognition, and
promised that the accused would not jump bail.
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 the 9th of December
2011.
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