A company manager, Ayobami Adejumo, 43,who allegedly stole his employer’s N1.44 million, meant for the purchase of soft drinks, on Thursday appeared in an Ikeja Magistrates’ Court.
The police charged Adejumo, who resides at No. 2, Old Railway line, Iju-ishaga in Lagos, with conspiracy,fraud, cheating , breach of peace and stealing.
The Prosecution Counsel, ASP Raji Akeem, told the court that the defendant, alongside some other, at large, committed the offence on Dec. 20, 2018 at No. 83/85 Iju Road, Ogba, Lagos.
He alleged that the defendant stole N1.44 million from his employer, Dama Pharmaceutical Trust Limited, for the purchase of soft drinks.
Akeem said that the offence contravened the provisions of sections 411, 168, 323, 287 and 314 of the Criminal Law of Lagos State, 2015.
The defendant pleaded not guilty to the charge.
Nigeria News Agency reports that Section 287 stipulates seven years imprisonment, while Section 314 prescribes a 15-year jail term for fraud for convicted offenders.
Magistrate O.A. Layinka admitted the defendant to bail in the sum of N500,000 with two sureties in like sum.
She adjourned the case until Oct. 21 for mention.
Edited by Kevin Okunzuwa/Sadiya Hamza