THE police have arraigned a former worker of Stanbic-IBTC Bank, Ajayi Olusola, before a Federal High Court sitting in Lagos, for allegedly defrauding the bank of the sum of N205m.
The defendant is facing three counts bordering on conspiracy, obtaining by false pretences and unlawful conversation preferred against him by the Police Special Fraud Unit, Ikoyi, Lagos.
The prosecutor, Mr Sylvester Azubuike, told the court that the defendant allegedly committed the fraud alongside one Ayodele Olaogun and Hakeem Abdulhadi, who were at large.
Azubuike said Olusola, who now operates a company, Abel System Services Limited, allegedly committed the fraud between 2015 and 2021, while he was working with the bank.
The former banker and his company were arraigned before Justice Abimbola Awogboro.
The defendant pleaded not guilty to the charges.
Justice Awogboro admitted him to bail in the sum of N50m with two sureties in like sum.
The court adjourned the case till November 10 for commencement of trial.
Pastor (Dr) Azemhe Azena speaking to newsmen after receiving Engr Kenneth Ifeloa (L) in Benin City A 38-year-old IT Engineer,...Read more
He calls for inclusiveness of the organized unemployed youth in Nigeria affairs He charged the government and private sector on...Read more
PRESIDENT Bola Tinubu on Thursday night intervened in the political crisis rocking Ondo State Newsextra24 understands that the invention of the...Read more
IN the lead-up to the 2027 general elections, there has been a wide range of responses to the proposition for...Read more
HON. Orobosa Omo-Ojo is a political activist and chieftain of the Peoples Democratic Party (PDP) who, in 2020, moved with...Read more
THE Kogi State Election Petition Tribunal, led by Justice Yusuf Ado Birnin-Kudu in Lokoja, has granted Murtala Ajaka of the Social...Read more
Trojan News Media present the aspirants according to the result of where they fall in ‘Poll of Polls’, which is...Read more
FORMER Deputy Senate President and governorship candidate of All Progressives Congress (APC) in Delta State, Ovie Omo-Agege, has rejected the...Read more
THE petition filed by Sen. Ovie Omo-Agege of the All Progressives Congress, APC, challenging the victory of Hon Sheriff Oborevwori...Read more
A Federal High Court (FHC) in Abuja has issued a restraining order to the Peoples Democratic Party (PDP), preventing the...Read more
THE candidate of the Social Democratic Party (SDP) in the last presidential election, Prince Adewole Adebayo, has revealed his political...Read more
The presidential candidate of the National Conscience Party (NCP) in 2015, Martin Onovo has addressed concerns that the Labour Party (LP)...Read more