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Banker in court over alleged N320,400 theft



A 25-year-old banker, Michael Adeniran, was on Thursday arraigned before an Ogudu Magistrates’ Court in Lagos State  over alleged theft of N320,400.


Adeniran, who lives in Ikorodu area of Lagos State, is being tried for stealing and obtaining under false pretences.


Following his plea of not guilty, Magistrate Ejiro Kubeinje released him on bail of N100, 000 with two sureties in like sum.


Kubeinje said that the sureties must be gainfully employed and show evidence of two years’ tax payment to the Lagos State Government.


She adjourned the case until Dec. 17.


The prosecutor, Insp. Lucky Ihiehie, had earlier  told the court that the defendant stole some amount of money belonging to Infinity Microfinance Bank on Nov. 7 at No. 580, Ikorodu Road, Lagos.


“The defendant- a marketer received the money from a customer who paid back a loan he obtained from the bank.


“He refused to remit it into the company’s account but fraudulently converted it to his own use.


“Sometime in October, the defendant also  obtained N20, 000 from one Mrs Felicia Akerele under the pretence that you were going to open an account for her which you never did.


“When the theft was detected, he was questioned but could not give accounts of the money.


“He was handed over to the police,” the prosecutor said.


The prosecutor said that the alleged offences contravened Sections 287 and 314 of the Criminal Law of Lagos State, 2015.


The Nigeria News Agency reports that Section 287 prescribes three years’ jail term for stealing.

Edited /Peter Dada

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Ngozi Njoku: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]