The police on Tuesday arraigned two officials of a cooperative society for the alleged theft of N1.7 million.
The accused, Livinus Okoro, 32, and Felix Nwohage, 29, Chairman and Treasurer respectively of IZZI Family Association are facing a three-count charge before a Surulere Chief Magistrates Court in Lagos.
The prosecutor, Sgt. Idowu Onime, told the court that the accused committed the alleged offence on Feb. 7, at No. 24 Zion St., Orile Iganmu, Lagos.
Onime said the accused stole N1.7 million from the association’s account in Bank PHB by using forged tellers.
The prosecutor alleged that the 14 tellers presented were fake and did not reflect the amount given to the accused to be remitted in the bank.
He said the offence contravened Sections 390 (9), 467 and 516 of the Criminal Code, Laws of Lagos State.
The accused pleaded not guilty to the charges.
The Chief Magistrate, Mukaila Fadeyi, granted the accused bail in the sum of N250, 000 with two sureties each in like sum.
Fadeyi adjourned the case till Jan. 7, 2011 for trial.
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