NAN-H-18
Transporter
By Teniola Ibitola
Lagos, Oct. 14, 2016 (NAN) A transporter, Metu Ikoku, who allegedly stole his employer’s N5.5 million, was on Friday released on bail on the order of an Ebute Meta Chief Magistrates’ Court, Lagos.
He was granted bail in the sum of N500, 000 and two responsible sureties in like sum after he pleaded not guilty, according to the News Agency of Nigeria (NAN).
Ikoku, 53, an employee of Ifeanyi Chukwu Transport Company, is facing a five-count charge bordering on stealing, conspiracy and obtaining money under false pretences.
Prosecutor Emmanuel Silas told the court that the accused committed the offences between March and May 2015 at Ifeanyi Chukwu Transport Company premises at Ido in Oyingbo, Lagos.
He alleged that the accused with a man still at large had refused to remit the sum of N5.5 million into the company’s account; instead, converted it to personal use.
The offences breached Sections 284, 285, 312 and 409 of the Criminal Law of Lagos State, 2011.
The accused risks 15 years in jail on conviction, according to Section 312.
The Magistrate, Mrs A.O. Ajibade, adjourned further hearing till Nov. 1. (NAN)
OAT/IOI/DEB/DA
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Edited By Debo Oshundun/Dele Akinsola