Marketer docked over alleged theft of N1,090,000

chika ebuzor

February 3, 2016 4:50 AM

Akeem said that the offences contravened Sections 285 and 312 of the Criminal Law of Lagos State, 2011.

Man gets 1 month jail term.

A 37-year-old Insurance marketer, Adeniyi Oladosu, who allegedly collected N1,090,000 from various clients and failed to remit the money into his company's account was on Tuesday arraigned in Lagos.

Oladosu, who resides at No.74 Akindoye St., Ejigbo, Lagos, is facing a two-count charge of stealing and obtaining money under false pretences before an Ikeja Magistrates' Court, Lagos.

The Prosecutor, Insp. Raji Akeem, told the court that the accused committed the offences between Jan.1, 2008 and July 2015 at a company situated at No. 19/21 Town Planning Way, Ilupeju, Lagos.

"Oladosu collected the money from four clients with the promise that he would pay the money into their policy account with the company.

"Instead of remitting the money into the company's account as promised, he converted it to his own personal use.

"When the company noticed that the accused had stopped remitting such monies, he was reported and apprehended by the police,” he said.

The News Agency of Nigeria (NAN) reports that Section 312 prescribes a 15-year jail term for offenders.

The accused pleaded not guilty to the charge.

The Senior Magistrate, Mr A.A Adesanya, granted him bail in the sum of N500, 000 with two sureties in like sum and adjourned the case till Feb. 29 for mention.

chika ebuzor