Otedola vs NaijaGistLive: Kiran & Jyoti Matharoo charged to court for blackmail & extortion through Naijagistlive, to be remanded in prison if they don't meet bail condition, pictured at court today

The two sisters were charged to court today Dec. 23rd for allegedly being part owners of notorious website, NaijaGistLive.com, where untrue stories were written about billionaire businessman Femi Otedola, his wife and daughter, DJ Cuppy. Otedola filed a complaint with the police who swung into action and during their investigation traced a phone number connected with the website to the two sisters. The owners of the website are alleged to have been using the site to extort money from Nigeria's very rich. Guess they messed with the wrong billionaire this time...

The sisters made confessional statements revealing they own the site and issued an apology to Otedola for allegedly plotting to blackmail him. The sisters are facing 4 years in prison for cyber bullying, blackmail and extortion if they are found guilty..See more exclusive photos after the cut...

Indian sisters, Jyoti and Kiran Matharoo were at Yaba Chief magistrate court today to face charges of cyber bullying, blackmail and extortion. The sisters, who are Canadian citizens were arrested about two weeks ago after it was discovered that they are allegedly part owners of notorious website NaijaGistLive.com.

A phone number used in making business transaction for NaijaGistLive was traced to the sisters at their room at Eko Hotel, and when police searched their phones and iPas, they found evidence linking them to the site that have over the years extorted the very rich. They tried to extort money from billionaire businessman Femi Otedola who filed a complaint against them which led to their arrest.

The sisters were arraigned and their plea taken. They pleaded not guilty and the case was adjourned to January 26th, 2017. The judge gave them bail conditions but if they don't meet it, they will be remanded in court till January 26th, 2017

This is the criminal undertaking the girls and Baudex signed ...