A 30-year-old man, Emmanuel Ekakati, who allegedly stole the sum of N4.9 million from a Micro finance bank, on Tuesday appeared before an Igbosere Magistrates’ Court, Lagos.
The defendant whose residential address was not provided, is standing trial on a count charge of stealing preferred against him by the police.
The prosecutor, ASP Benedict Aigbokhan, told the court that the defendant committed the offence on April 29, at 5.00p.m., at Abaranje Road, Ikotun, Lagos.
The prosecutor said the defendant dishonestly converted the sum of N4.9 million belonging to Green Ville Micro Finance Bank to his own personal use.
Aigbokhan said that the defendant did not seek the consent of the company before converting the said money to his own personal use.
He said that the offence contravened Section 287 of the Criminal Law of Lagos, 2015.
The defendant pleaded not guilty to the charge.
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The Magistrate, Miss K. A. Ariyo, granted the defendant bail in the sum of N500,000 with two sureties in like sum.
She ordered that the sureties should be gainfully employed and show evidence of tax payment to the Lagos State Government.
She adjourned the case until May 27, for further hearing. (NAN)
