Banker docked at Lagos Court for defrauding First Bank of N4.1m

A former employee of First Bank of Nigeria, Timothy Adewale, who allegedly defrauded the bank to the tune of N4.1 million, was on Monday docked at an Igbosere Magistrates’ Court in Lagos. The prosecutor, Sergeant Nicholas Akpene, said the accused committed the ‎offence between April 18 and 26 during working hours at First Bank Plc, Ikeja Industrial Estate branch

Adewale, 32, a former cash processor with the bank and a resident of 10, Ejalonibu Street, Oko-Oba in Agege area of Lagos State, is standing trial on a charge of stealing.

The accused committed the ‎offence between April 18 and 26 during working hours at First Bank Plc, Ikeja Industrial Estate branch, the prosecutor said.

Akpene said the accused stole the sum of N4.1 million belonging to the bank. According to him, the offence contravenes Section 285 (7) of the Criminal Law of Lagos State, 2011.

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The accused pleaded not guilty. The magistrate, A. T. Omoyele, granted the accused N1 million bail, with two sureties in like sum.

Omoyele said the sureties must show evidence of three years’ tax payment to the court and their addresses verified by the prosecutor.

The case was adjourned till September 7 for mention.

 

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