Microfinance Bank Agent in court for fraud

An agent of LAPO Microfinance Bank, Eichioya Osaretin Gideon, has been dragged before a Chief Magistrates’ Court in Akure, over alleged fraud.

Gideon, was alleged to have fraudulently converted the sum of N63,000 into his own use, being the property of Lapo Micro Finance Limited, entrusted into the care of one Aghaferokhan Constance.

The police prosecutor, Augustine Omhenemhen said that the defendant committed the offence between March 23 and 24, 2023 at various times, at Ondo road and Elemuletu Quarters, ljoka road, Akure.

Omhenemhen said that the offence is contrary to Section 383 and punishable under Section 390(6) of the Criminal Code, Cap 37, Volume 1, Laws of Ondo State of Nigeria, 2006.

The police prosecutor, informed the court that the defendant fraudulently converted the money to his own use.

The accused pleaded not guilty to the charge leveled against him.

Omhenemhen said he would call witnesses to testify in the case, and applied for a date to enable him study the case file.

The lawyer for the defendant, Alabi Oladele, applied for the bail of his client in most liberal terms.

Chief Magistrate O.R Yakubu granted the defendant bail in the sum of N200,000 with two sureties in like sum.


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