A 34-year-old microfinance bank official, Olatunde Olatimehin, has been arraigned before the Magistrates’ Court sitting in Lagos for allegedly stealing N569,225 from the bank.
Olatimehin, an official of Baobab Microfinance Bank, Ojo, Lagos State, appeared before Magistrate L.J.K Layeni on Monday.
The defendant was arraigned on a two-count charge of stealing and causing breach of peace.
He, however, pleaded not guilty to the charge.
READ ALSO: CBN: What Emefiele told Council of State, denies plan to close banks
The prosecutor, Dr Simon Uche, told the court that the defendant committed the offences on February 2, 2023, at the bank’s premises.
He alleged that Olatimehin stole the money paid by customers to the bank, adding that the defendant received it through his personal account.
The prosecutor said that the defendant’s conduct also caused a breach of peace at the bank.
According to him, the offences contravene Sections 168 (d) and 287 of the Criminal Law of Lagos State, 2015.
The Magistrate granted the defendant bail in the sum of N300,000 with two sureties in like sum.
Layeni, therefore, adjourned the case until March 6, 2023, for trial.
A Benin City High Court in Edo State has stopped the conduct of local government…
A couple and their young daughter abducted last month in Katsina State have regained freedom…
The Economic and Financial Crimes Commission (EFCC) on Thursday, September 18, 2025, re-arraigned former Minister…
Tension erupted at the Tejuosho Market shopping complex in the Yaba area of Lagos State…
President Bola Ahmed Tinubu will on Friday, September 19, embark on a one-day visit to…
Two personnel of the Nigeria Immigration Service (NIS) have been abducted in Benue State, with…
This website uses cookies.
![](data:image/svg+xml;charset=utf-8,<svg height="250px" width="250px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
