Shocking: Businesswoman Narrates Paying ₦1m Loan In Kind

A businesswoman has narrated to a Magistrate’s court in Ojo, Lagos State how she slept with her creditor to pay off a ₦1.1 million loan.

Ejioma Ahibafu, 49, told Court that she was taken to a hotel on three occasions where she slept with her creditor as part of the loan repayment.

The businesswoman, Ahibafu, who sells bags of rice, pleaded not guilty to a two-count charge of obtaining money by false pretence and stealing brought against her.

She spoke in pidgin, telling the court that the said loan was obtained after a friend introduced her to the complainant.

She admitted that although she was given the loan, she also delivered some bags of rice to the complainant with an understanding to pay up the balance.

Continue Reading…