Director arraigned for allegedly stealing firm's N3million.

A director with African Wild Dogs Communication Ltd Lagos, Michael Bassey, has been arraigned in Lagos for allegedly stealing the firm’s N3 million.

Bassey is standing trial before Folake Davies-Abegunde of an Igbosere Magistrate’s Court on a one-count charge of stealing.

Prosecutor,Sergent Zacheus Arekhandia, said the accused committed the offence between June 2, 2008 and Sept. 25, 2008 at Suite 119, Opic Plaza, Ikeja.

The accused, however, pleaded not guilty to the charge.

The defence counsel,Oyaruvuegbe Gani, applied for liberal bail condition for the accused.

But Arekhandia objected to the bail application, arguing that the accused had not been honouring duly served invitations from the police.

Davies-Abegunde, however, granted the accused bail in the sum of N750,000, with one surety in like sum.

She adjourned the case till August 10 for further hearing.