Banker in court for allegedly stealing N1.5m from employer

A staff of a Micro-Finance Bank in Lagos, Olufemi Olanrewaju, on Monday appeared in a Magistrates’ Court in Ogudu, Lagos for allegedly stealing N1.5 million from his employer.
The police charged Olanrewaju, 33, who lives in Ikorodu area of Lagos with three counts of obtaining under false pretence, theft and forgery.
He pleaded not guilty to the charges.
The prosecution counsel, Inspector Lucky Ihiehie, told the court that the defendant committed the offence between July 5, 2018 and November 20, 2019 at Ile-Ile, Ketu in Lagos.
Ihiehie alleged that the defendant, while working in Beyond Credit Micro Finance Bank, collected N1.5 million from the bank to give to some customers as loan.
The prosecution alleged that the customers were never paid.
He said the complainant, Beyond Credit Micro Finance Bank, on November 21, 2019, discovered that the defendant forged the branch manager’s “Access Right” and cancelled the loans meant for Airat Kareem and Ganiyat Olamide from the system.
He said the defendant replaced the names of Kareem and Olamide with different information to cover his act.
The offence, he said, contravened the provisions of sections 287 (7) and 314(1)  of the Penal Code.
Magistrate Ejiro Kubeinje admitted the defendant to bail in the sum of N300,000 with two sureties in like sum.
Kebeinje adjourned the matter until February 25 for continuation of hearing.
NAN.