HomeSecurityCrimeBank employee in...

Bank employee in court for stealing N5.31 million

Bank employee in court for stealing N5.31 million

A microfinance bank employee, Leo Ehiorobo, on Tuesday, appeared before an Ikeja Magistrates’ Court for allegedly stealing N5.31 million from his employer.

Ehiorobo, whose residential address was not provided, is facing a count charge of stealing.

The News Agency of Nigeria reports that the 41-year-old pleaded not guilty to the charge.

The prosecutor, SP Josephine Ikhayere, told the court that the defendant committed the crime from January to March.

Ikhayere said that Ehiorobo, an employee of Lapo Microfinance Bank, Oshodi Branch, stole a total of N5.31 million from the bank during the period.

She said that the offence was punishable under Section 287 (7) of the Criminal Law of Lagos State, 2015.

The  Magistrate, Mr Lateef Owolabi, admitted the defendant to N500,000 bail with two sureties in like sum and adjourned the matter until May 30 for mention.

Follow the Neptune Prime channel on WhatsApp:

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

Get notified whenever we post something new!

spot_img

Continue reading

The Buni Model: Prudence over populism in Yobe’s quiet budgetary revolution for fiscal discipline, by Abubakar M. Kareto

The Buni Model: Prudence over populism in Yobe’s quiet budgetary revolution for fiscal discipline, by Abubakar M. Kareto In the contemporary discourse on Nigerian governance, subnational budgets are too often treated as mere annual rituals. They are frequently bloated with...

Politics of Kano: Random musings, by Engr. Bello Gwarzo Abdullahi, FNSE

Politics of Kano: Random musings, by Engr. Bello Gwarzo Abdullahi, FNSE For decades, Kano has occupied a unique and influential position within West Africa’s socio-cultural, economic, political, and religious landscape. From its highly organised pre-colonial Emirate system to its emergence as...

FG tightens spending rules, reduces ministers’ imprest to ₦700,000

FG tightens spending rules, reduces ministers’ imprest to ₦700,000 The Federal Government has slashed the maximum reimbursable imprest available to ministers to ₦700,000 and introduced stricter spending and accountability measures for Ministries, Departments and Agencies (MDAs) as part of efforts...