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Police arraign four for allegedly defrauding employer of N52 million


The Criminal Intelligence and Investigation Department (FCIID), Alagbon, Lagos has arraigned four persons for alleged fraud.

The suspects were alleged to have defrauded their employer, Capricorn Digital Solutions and Distribution of N52million.

They were arraigned before an Igbosere Chief Magistrate’s Court, presided over by Mrs. O.O. Oshin.

The accused persons are Olalekan Badru, 34, Yewenu Samuel, 33, Adeyinka Adekoya, 30, and Ojo Ayoola Oluwakayode, 34.


According to the police, they were charged on a three-count offence bordering on conspiracy, stealing and forgery.

In the charge, the police said the accused persons were attached to the accounts department of the firm, located along the Murtala International Airport Road.

They were said to have committed the offence by conspiring among themselves and others now at large, in March 2017.

The prosecutor added that the four accused persons forged several deposit slips belonging to Zenith Bank Plc.

According to the prosecutor, Morufu Animashaun, the offence is contrary to and punishable under sections 325, 287 (8) and 365(3) of the Criminal Laws of Lagos State of Nigeria, 2015.

But the accused persons pleaded not guilty to the charges when they were read to them.

The counsel to the accused, Austin Okey, pleaded with the court to grant them bail in the most liberal terms.

Consequently, the magistrate granted them bail in the sum of N500, 000.00 with two sureties in like sum.
She ordered that one of the sureties must be a civil servant on Grade Level 14 and above, while the second surety must be a blood relation to the accused persons.

Oshin also ordered that the sureties who must be resident in Lagos, must show evidence of three years tax payment to the state government, with a proof of their means of livelihood.

She also ordered the prosecutor to verify the addresses of the sureties.

The magistrate ordered the accused persons to be remanded in prison custody pending the fulfillment of their bail terms.

She adjourned the matter till February 2, 2018 for mention.

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