Manager allegedly steals employer’s N1m 4 months after employment

Manager
By Deborah Akpede
Ikeja, July 30, 2018 (NAN) For allegedly stealing his employer’s N1.1million four months after employment, a 52-year-old sales manager, Ayoola Okunola, on Monday appeared before an Ikeja Magistrates’ Court in Lagos.

Okunola, a resident of Ikorodu, Lagos, is being tried for stealing.

The accused committed the offence on May 28 at Fatal Atere, Mushin, Lagos, Police prosecutor, Insp. Emmanuel Ajayi, told the court.

He said that the accused stole N1.1million belonging to New Home Distribution African Ltd.

Ajayi said that the accused obtained some goods to deliver to the company’s customers, but he diverted them to other customers.

“After selling the goods to other customers, he refused to remit the money into the company’s account, but fraudulently converted it to his own personal use.

“When the company questioned him, he could not give a satisfactory answer to what happened to the money.

“The case was reported to the police and the accused was arrested,” the prosecutor said.

The offence contravened Section 287 (7) of the Criminal Law of Lagos State, 2015.

The News Agency of Nigeria (NAN) reports that the section prescribes seven years jail term for stealing.

The accused denied committing the offence and was admitted to a bail of N500,000 with two sureties in like sum.

The Magistrate, Mrs O.J Awope, said that the sureties should be gainfully employed and show evidence of two years tax payment to the Lagos State Government.

Further hearing has been fixed for Aug 14. (NAN)
DOA/SOA

Edited by Oluwole Sogunle