Police in Lagos on Friday arraigned a 27-year-old accountant, Oke Peter, before a Badagry Chief Magistrates’ Court over an alleged N4.5 million fraud.
Peter, whose address was not disclosed, is facing a charge of stealing, to which he pleaded not guilty.
The prosecutor, ASP Edet Ekpo, told the court that the defendant committed the offence on Sept. 5 at Mega Mart Mall Ltd, Mowo, Badagry. Ekpo alleged that Peter diverted N4.5 million sales capital belonging to the company, property of the complainant, Mr David Uniugbe.
He said the complainant reported the matter to the police, leading to the defendant’s arrest.
Ekpo noted that the offence contravened Section 287 (7) of the Lagos State Criminal Law, 2015, which prescribes a seven-year jail term for stealing from an employer.
Chief Magistrate Nurudeen Layeni granted the defendant bail in the sum of N1 million with two sureties in like sum. One of the sureties, he said, must be a community leader and deposit N50,000 in the court’s Chief Registrar’s account.
The case was adjourned until Oct. 10 for mention.
(NAN)