A lawyer identified as Mrs Uloma Ulo, on Tuesday narrated to an Ikeja Special Offences Court, on how a prophetess defrauded her of N134 million.
Ulo, being led in evidence by Mr Frank Ofoma, the counsel for the Economic and Financial Crimes Commission (EFCC), in the trial of Mhabi-Praise for fraud, said her friend, one Sandra Mbujakero introduced her to the the prophetess, daily post reports.
She noted that Mbujakero said that the defendant was her pastor and that she had done some business deals with the defendant and her company.
Explaining to the court, she said:
“I met Linda Mhabi-Praise formally in October 2015 and in the course of discussion, she told me that she was into oil business and she needed investors
“After discussions, I gave her N6 million in October 2015 and she made it clear that all investors would get a return investment.
“Between October and December, I got a return of between N520, 000 and N750, 000,” she said.
Ulo said that she gave Mhabi-Praise a total of N38 million and was to receive a return of investment of N2.8 million monthly.
She alleged that the defendant approached her again in April 2017 to reinvest in the business.
“I asked her to approach her bank for a loan but she said she does not have any collateral.
”I asked if she had a Local Purchase Order (LPO) to give her bank, she said the bank needed more than LPO.
“She convinced me to get her some money. I approached my bank and got her a loan of N100 million. I added the money to what I had and gave her N134 million.
“After I gave her the money, she vanished. She had made it clear to me that whoever invests with her will leave the money for three months.”
The witness said that she travelled abroad for four months and during that time, she told the defendant to “roll-over” her return on investment because she wanted her money by the end of November 2017.
“When I got back in October 2017, I made several attempts to see her. I made calls which were never returned.
”I finally met her at Ikoyi Club Lagos and she told me that the money went missing. I asked how the money went missing and as I stand here, she hasn’t told me,” Ulo said.