An employee of a thrift institution, CNN Credit Limited, Jackson Umem, who allegedly defrauded the organisation of some market women of N1 million deposit, has appeared before a Tinubu Magistrates’ Court on Lagos island.
The accused, 34, pleaded not guilty to the two-count charge of fraud and theft preferred against him.
According to the prosecutor, Ben Ekundayo, the accused had sometime between July 1 and August 1 in Lagos obtained N1 million from some market women, who are customers of the company.
Ekundayo said Umem collected the money from them on the pretext of helping them lodge the money into their accounts but converted the money to personal use.
He said the fraud was noticed when some of the market women came for their money.
The offences contravened Sections 285 (7) (9) (a, b, c) and 312 of the Criminal Law of Lagos State, 2011.
Section 285 (7) stipulates a seven-year jail term for offenders.
Magistrate Ade Adefulire granted the accused bail in the sum of N500,000 with two sureties in like sum.
Adefulire said the sureties must be the accused’s blood relations.
He adjourned the case to September 14.
Trending
- 1.94 million students sat for 2024 JAMB – Registrar
- M-I-NA 2024: Organiser announces national campaign, to promote Nigerian brand. Consumers patriotism
- Just in: Tinubu arrives Netherlands on state visit
- My purported suspension from APC, African Magic drama — Ganduje
- Hilda Baci reacts as VeryDarkMan accuses her of fraud
- Men are crazy, but I still want one in my bed — Tiwa Savage
- Sokoto: Gov Aliyu dethrones 15 traditional rulers
- N14b moved in one hour by Ministry of Humanitarian Affairs — EFCC