Jim Iyke There
might be an explanation for actor
Jim Iyke’s recent lavish spending
include purchase of two extra
expensive cars. The actor aged 35,
was on Thursday arraigned before
an Abuja Chief Magistrates’ Court
charged with N15 million fraud. The
Police Prosecutor, Mr Chijoke Okezie,
told the court that on Aug. 8, Habiba
Abubakar wrote a petition to the
Inspector General of Police (IG) to
investigate the fraud, 234next
reports. He said that investigation
into the case revealed that the
accused, a resident of Sunnyville
Estate, Abuja, deceived Abubakar
into acquiring 15 per cent equity
shares to the tune of N15 million
from his company, Untamed Records
Ltd. Okezie said the accused
admitted that the complainant paid
the money into his Oceanic Bank
account No. 00500173691, deviating
from his initial plan of investment
and converted the money to his
personal use. He added that when
the complainant confronted the
accused, he resorted to beating her
and threatened to kill her. Okezie
said the accused was charged with
criminal breach of trust, criminal
force, assault, cheating and criminal
misappropriation. The accused
pleaded not guilty to the charges.
Jim Iyke got bail on liberal terms and
for self recognition. 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
Dec. 9, to enable the police complete
their investigation. source, naijabreakingnews.com/jim-iyke-allegedly-duped-woman-of-n15m-as-investor-in-clothing-line/?utm_source=&utm_medium=twitter&utm_campaign=jim-iyke-allegedly-duped-woman-of-n15m-as-investor-in-clothing-line

How is this a fraud?. She invested in a business venture "that is YET to START" and Jim Iyk bought flashy cars only for her to start running to court. One does not invest in business on Friday, then wake up on Monday to ask for refund of his/her money. For someone to invest 15M in business, she must have a blue print of how the business will proceed and prosper or did she just dump 15 M into his account and relaxed with the hope of getting paid in hundred folds?. Iff that is the case, all the Nigerians who bought bad stocks in banks and other companies should go to court and sue the companies as to why their stock went bunkers. She should have thought about the risk factors before investing and I will advise Jim Iyk that if he has the money to pay her, it is better he do it now because such a person will not take any type of loss from the business. Unless she has evidence that Jim Iyk withdrew her money and used it for some other thing instead of the business they discussed, then she is blowing hot air.