The Igbosere Magistrate Court has docked two employees of a Lagos-based company for allegedly defrauding a bank in the United Kingdom (UK) to the tune of 1.2 million US dollars.
The accused, Oladapo Oyeniyi, 48, and Kunle Ayotoye, 45, are standing trial on a three-count charge of conspiracy, stealing and fraud.
The prosecutor, Insp. Amedu Adoga, told the court that the accused committed the alleged offences between December 2012 and January 2013, at No. 3, Oje Imsisnvan Street, Oregun, Ikeja, Lagos.
He said that the accused and others at large, conspired and issued an instruction to Habib Bank domiciled in the UK to transfer 1.2 million dollars to 12 different beneficiaries.
Adoga said that the duo issued the instruction to the bank under the guise that it was their employer, one Mr Chris Ejike, that issued the said instruction.
He said that the accused issued the instruction with the intention that it be acted upon as genuine.
“The bank believed that the instruction emanated from the accused’s employer and therefore carried it out,” Adoga said.
He said that the accused stole the said money, therefore contravened Sections 285 (8), 361 and 409 of the Criminal Law of Lagos State, 2011.
The accused pleaded not guilty and their counsel, Mr Bode Omoboriowo, urged the court to admit them to bail on liberal terms.
The prosecutor, however, opposed the bail application and urged the court to remand them.
He said the amount involved in the case was so much which could make the accused to jump bail.
Adoga also said that the accused had left their known addresses, and therefore might not be traced. “It took the police years to trace the accused,” he added.
The Magistrate, Mrs A. O. Awogboro, over ruled the argument of the prosecutor and admitted them to bail in the sum of N5 million each with two sureties each in like sum.
She ordered that the sureties must show evidence of tax payment to the Lagos State Government, must have landed property and must be a blood relation of the accused.
She adjourned the case till February 15 for mention.