Home » Business » Microfinance Bank Staff Docked for Allegedly Stealing N7m from Customers

Microfinance Bank Staff Docked for Allegedly Stealing N7m from Customers

by NaijNaira
0 comment
Microfinance Bank Staff Docked for Allegedly Stealing N7m from Customers

Emmanuel Ajofoyinbo, a staff member of Fortress Microfinance Bank, has been accused of stealing N7.110 million from the bank’s customers.

Ajofoyinbo appeared before an Ikeja Magistrates’ Court and was charged with obtaining money by false pretence and stealing.

The prosecutor alleged that Ajofoyinbo received the money from customers under the pretext of remitting it into their bank accounts but instead converted it to his own use without the bank’s consent.

The defendant pleaded not guilty to the charges and was granted bail in the sum of N500,000 with two sureties.

The case has been adjourned until June 26 for further mention.

The offences contravene sections 314 and 287 of the Criminal Law of Lagos State, 2015, which stipulate 15 years’ jail term for obtaining under false pretence and three years’ imprisonment for stealing, respectively.

This article was updated 3 months ago

BEFORE YOU GO...

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Copyright © – 2024 CIV DigiTech Media Ltd. All Rights Reserved