A businesswoman , Ejioma , on Monday told an Ojo Magistrates ’ Court how she paid back “ in kind ” part of N 1 .1 million loan she allegedly took from a man.

The defendant, a trader who sells bags of rice , pleaded not guilty to two counts of obtaining money by false pretence and stealing.

The defendant, who spoke in pidgin English , told the court that the said loan was obtained after a friend introduced her to the complainant .

She said 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 .

Besides, the defendant informed the court that even before she was given the loan by the complainant , she had to pay him “ in kind ” on three different occasions in a hotel .

The Prosecutor , Mr Simon Uche, had earlier told the court that the defendant obtained a loan of N 1 .1 million for rice business from one Emma, a businessman, with a promise to pay back the money in six months .

The prosecutor said that the woman refused to pay up the loan and had been evasive since then.
He said that the offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015 .

The Magistrate , Mr A .A Adesanya , granted the defendant N 250, 000 bail with two sureties in like sum .

He adjourned the case until December 9 for mention .

https://punchng.com/woman-tells-court-how-she-repaid-n1-1m-loan-in-kind-thrice/

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Na wa o. Repayment of loan in kind? That is.... idi je!

D man mixed business with pleasure.. How can U borrow money to someone u are having sex with... Common sense suppose remind u say dat one na investment in bear bear bank of no returns...

She had to pay him in kind thrice.

Each payment in kind cost over 400k


Nawa o

The defendant informed the court that even before she was given the loan by the complainant , she had to pay him “ in kind ” on three different occasions

There is no way you can make repayment, before disbursement. Definitely not in a "currency" different from that which the loan was given.

So, the three times sex in a hotel serves as her 3mths bank statement (to ascertain her average turnover), seeing that she doesn't even have collateral.

She should pls pay back and not increase the complainant's NPL. I blame the man for mixing business and pleasure.

Typical of an average Nigerian Lady: seeing her vagina as a way to unmerited favours. Lazy bunch of people that intentionally shuts down the capabilities of their God given brains.

Just image this one's rationalization: three sex occasions to a repay a loan of 1.1million, as if the vagina is plated with gold?

Lol. Repayment in kind! RIK. Another ladies yahoo format. Some ladies done learn new format this night. My condolences to the man's money cos the money is gone cos there seems to be no signed agreement sef and the court can't even determine if the man consented to the payment in kind while the man was on top the puscy banging in kind cos i believe the woman must have said so many other things to counter the man and justify her claims. Mheen! The judge wey dey handle this case go reason the matter tire ooo! There is a slim possibility that the man can get his money back. Yoruba will say "idi ti je" in English, it means Yansh done chop am.

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The guy has not learnt the rules. Anyways, the court doesn't recognize any tender other than the legal tender o unless she can provide a signed agreement between her and the plaintiff that the "kind" is acceptable o. Gosh, if na like that, we go all dey borrow money from Dangote nau

sisisioge:


The guy has not learnt the rules. Anyways, the court doesn't recognize any tender other than the legal tender o unless she can provide a signed agreement between her and the plaintiff that the "kind" is acceptable o. Gosh, if na like that, we go all dey borrow money from Dangote nau

Na yahoo woman.

If you collect loan in dollars, you gats pay back in that dollars, to avoid FX risk. Let alone paying 1.1m in kind? How do we determine the exchange rate?

Very funny. Who else noticed change in our phone number?? I called someone (090) but was changed to(+90). Anyone having the same issue? Especially if their number are not saved on your phone.

H

Women sha, as if she was doing it alone with herself and the man never played a part.... The way women victimise men after sex, an alien will think sex involves only women.

That woman should pay up her debt in cash for crying out loud! Her act of kindness was out of the contract.

Please moderator can you please expantiate the word " in kind"

Nigeria court cases are usually very simple. The richer one will always emerge the winner.

I don't think paying in kind is in our law. There is nothing a court of law can also do if you have no agreement that shows any transaction between both of you. Lending money out is very tricky

How do you quantify the kind?


How many rounds of sex = 1.1 million? Which metric scale do we use in this regard?

So basically, she's saying 1 round of sex = 400k? Even girls in Cubana night club, won't ask for such for the night...

For all the man cares, 20 rounds of sex could = 100k, since there is no standard gauge to quantify

The law does not recognize monetary value attached to sex that is not contractual. So pay him immediately.

This is hilarious .

Your mates are using their something to get houses in Lekki you are here being dragged to court over 1.1m. This life ehn

Issokay news ti tan

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You pipu be putting the pishures na.

Islie:






https://punchng.com/woman-tells-court-how-she-repaid-n1-1m-loan-in-kind-thrice/

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Afi in kind...

Ologogoro woman

seunmohmoh:
Very funny. Who else noticed change in our phone number?? I called someone (090) but was changed to(+90). Anyone having the same issue? Especially if their number are not saved on your phone.

Hi smalie

This doesn't sound like a news to me. Many people especially women in higher position have done it.

Unfortunately, she cant prove it.... Meanwhile




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This is the sole reason why I find it very hard helping a female especially Nigerian women cos they think life starts and ends with pussy

B

Hilarious..


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