A 31-year-old man, Samuel Effiong, on Friday appeared before a Surulere Magistrate’s Court in Lagos, for allegedly diverting his employer's N2.7 million.
Effiong was accused of cashing a cheque for N2,775,845 and diverting the sum meant for his employer’s three creditors.
He, however, pleaded not guilty to the two-count charge before Magistrate Mukaila Fadeyi.
The prosecutor, Sgt. Idowu Onime, said that Effiong committed the alleged offence on Aug. 10, 2009 at No. 58, Adelabu St., Aguda, Surulere.
He said the accused was given a Zenith bank cheque by his employer, Ego Ohia, to cash the sum and pay the creditors, but Effiong converted the money to his personal use.
Onime said the alleged offence contravened Sections 419 and 390 (9) of the Criminal Code of Lagos State.
The court granted the accused bail in the sum of N250,000 with two sureties in like sum.
Further hearing in the case will come up on Aug. 26.
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