By Oluwadamilola Akinduro
|
A 31-year-old agent, Oyeniyi Oladoye, has been remanded by an Akure Magistrates’ Court over alleged N2.5m fraud.
Oladoye was alleged to have fraudulently converted the sum of N2,250,000, belonging to a Microfinance Bank in Arakale Street, Akure.
He was said to have converted the money to his own use in Akure between September 2022 and March 2023.
The offence contravenes Section 383 and punishable under Section 390(7) of the Criminal Code, Cap 37, Volume 1, Laws of Ondo State of Nigeria, 2006.
The police prosecutor, Augustine Omhenemhen informed the court that the defendant stole N2,250,000, which he collected from different clients and expected to remit to Grace and Mercy Microfinance Institute, but failed to do so.
The accused pleaded not guilty to the charge leveled against him.
Omhenemhen said he would call three witnesses to testify in the case, and applied for a date to enable him study the case file.
Lawyer for the defendant, A.Y Aliu, applied for the bail of his client in most liberal terms.
The presiding Magistrate, O.R Yakubu granted the defendant bail in the sum of N1,500,000 with two sureties in like sum.
The defendant could not perfect his bail, hence he was remanded at Olokuta Correctional Centre in Akure.
The case was adjourned till April 27, 2023 for a hearing.
