3rd March, 2016
Cyriacus Izuekwe
A 54-year old Micro Finance Bank manager, Samson Adeyemi, has been arrested and charged before a Magistrates’ court for allegedly defrauding his employer up to the tune of over N20m in Lagos State, western Nigeria.
The arrest followed a petition to the police at Idimu division by his employer, Marvelous Micro Finance Bank, located at Isheri Olofin on the outskirts of Lagos.
According to the police, three months after Adeyemi’s employment, he allegedly started to siphon the company’s money up to the amount and converted it to his own use.
P.M.NEWS gathered that he first bought an SUV Toyota Avensis with registration number ER 416 LSR worth millions of naira.
The SUV has been recovered and parked at Idimu police division as exhibit.
Ekiti State-born Adeyemi who lives at 2 Bodunrin Fayeyibi street, Akesan studied accounting at Lagos State Polytechnic before he was employed as manager by the company.
He also allegedly forged bank loan document and was given customers loan with bank’s money and converted same to his personal use.
On the forgery, he allegedly defrauded the company to the tune of N7m and is facing a criminal charge before a Magistrates’ court in Ejigbo.
Adeyemi was charged with conspiracy, forgery and stealing under the Criminal Code.
When he was arraigned, he pleaded not guilty.
The prosecutor, Babaji Ishiaku opposed his bail application on the ground that the money was on the high side and he may likely jump bail to escape justice.
The presiding Magistrate, Mrs J.O.E Adeyemi granted him bail in the sum of N100,000 with two sureties in like sum who must be owners.
The court also ordered that the sureties must show evidence of tax payment for four years.
Adeyemi was remanded in prison custody at Kirikiri pending when he will perfect his bail condition.
The matter was adjourned till 4 April, 2016.