A former assistant bank manager, James Bakare, on Tuesday appeared before an Ikeja Magistrate’s Court in Lagos charged with stealing furniture belonging to the bank.
Bakare, 40, however, pleaded not guilty.
The prosecutor, Insp. Augustine Orji, said the defendant, a former employee of AIMS ASSET, a microfinance bank located at No. 36 Adeniyi Jones, Ikeja, unlawfully sold the office furniture.
Orji said Bakare committed the offence on July 8.
He said the accused failed to get the authority of his employers before disposing of the furniture.
The prosecutor said after disposing of the furniture at a cost of N744,000, Bakare subsequently converted the money to his personal use.
Orji said the offence contravened Section 390 (7) of the Criminal Code, Laws of Lagos State.
The Magistrate,C.J. Momodu granted the defendant bail in the sum of N200,000 with two sureties in like sum.
Momodu adjourned the case till Oct. 22, for further hearing.
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