In Akure: Store keeper, cashier docked over alleged N20m fraud
A company's store keeper and cashier have been docked in Akure over an alleged N20million fraud.
A 27-year-old store keeper, Alao Babatunde, and a 27-year-old cashier, Babarinde Temitope, were on Thursday arraigned in an Akure Chief Magistrates’ court over alleged N20 million fraud.
The Prosecutor, ASP Pelumi Adejuwon, told the court that the duo conspired with others at large, to fraudulently convert the money to their personal use, being property of Mount Oliver Nigeria Limited, Akure.
Adejumo said the accused persons committed the offences while working for Mount Oliver Nigeria Limited as store keeper and cashier respectively.
He said the accused persons committed the offence between January to Nov.9, 2016 at Mount Oliver Nigeria Limited, located on Ondo Road, Akure.
According to him, the offence is contrary to and punishable under Sections 516 and 383(1)(2)(a)(b)(c) of the Criminal Code Cap 37, Vol. 1 Laws of Ondo State of Nigeria.
However, the accused persons pleaded not guilty to the two-count charge of conspiracy and fraud.
The two counsel to the accused persons, Femi Adetoye and Hope Daramola, prayed the court to grant their clients bail in the most liberal terms.
They assured the court that the duo were ready to provide the court with a reliable and substantial surety who would ensure their appearance in court.
In his ruling, Chief Magistrate Segun Adedapo, granted the accused persons bail in the sum of N1.5 million each with one reliable and substantial surety each in like sum.
The case was adjourned till Jan. 16, 2017 for trial.
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