Judiciary

Financial manager in court for allegedly defrauding NGO of N3.2m

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A 39-year-old financial manager,  Emmanuel Otu, on Friday appeared in a Yaba Magistrates’ court in Lagos, for allegedly defrauding an NGO of N3.2million.

Otu, who resides in Unity estate, Egbeda area of Lagos, is charged with four counts of fraud,  abuse of office, stealing from his employer and breach of peace.

The Prosecution Counsel, Sgt. Godwin Oriabure, told the court that the defendant committed the offence between May and July 29, at Grooming People for Better Livelihood Centre, Plot 120, Ikotun-Egbe road, Ejigbo, Lagos.

He alleged that the defendant forged loan documents in fake names  and approved N1.1 million to himself.

The prosecution also alleged that the defendant forged bank deposit slips, claiming that he  deposited N2.1million, loan repayments, on behalf of the NGO, deposits he never made.

Oriabure told the court that the NGO discovered the alleged misappropriation during an audit which was traced back to the defendant.

He said the offence contravened the provisions of sections 73, 287(7), 168(d) and 370 of the Criminal Law of Lagos State, 2015 (Revised).

The Nigeria News Agency reports that both Sections 370 and 287 (7) stipulate seven-year jail term each while Section 73 provides for five years imprisonment for any convicted offender.

Magistrate S.O Obasa admitted the defendant to bail in the sum of N500,000 with two sureties in like sum.

Obasa ordered that the sureties must be gainfully employed, and should have landed properties within the court’s jurisdiction.

She adjourned the case until Sept. 11 for mention.

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