Workers Land In Court For Allegedly Defrauding Employer Of N16.7m In Osun
Two staff members of a firm, Sefolad Company, have been dragged before a Magistrate’s Court sitting in Osogbo, the Osun State capital, for allegedly defrauding their employer of N16,773,100:00.
The two defendants are a 38-year-old woman, Olatunbosun Mujidat, and Adebiyi Adedayo, a 53-year-old man.
They were arraigned before the court on Monday by the state Police Command over allegations bothering on fraud, theft and threat to 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.”
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.
The police prosecutor told the court that when the complainant arrived from overseas, she discovered changes in the company’s account.
He stressed that the offences contravened 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.
Counsel to the defendants, M. K. Omolade, applied for bail for his clients in the most liberal terms.
But the police prosecutor opposed the defendants’ bail, explaining that they had previously been arrested but were later released on October 10, 2025, arguing that the accused persons continued to threaten the complainant.
Ruling on the matter, the Chief Magistrate, Olusegun Ayilara, granted the defendants bail in the sum of N5 million, with two sureties each in like sum.
The case was adjourned to 2nd March, 2026, for mention.
Yusuf Oketola is a trained journalist with over five years of experience in the media industry. He has worked for both print and online medium. He is a thorough-bred professional with an eye of hindsight on issues bothering on social justice, purposeful leadership, and a society where the leaders charge and work for the prosperity of the people.
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