Sales manager in court over alleged theft of firm’s N1.6 million
The police on Tuesday arraigned a sales manager at Amber Drinks Ltd, Ibadan, in Iyaganku Magistrates’ Court, Ibadan, Babajide Adeyanju, for allegedly stealing the company’s N1,628,654.
The police charged Adeyanju with conspiracy and stealing but he pleaded not guilty to the charges.
The Prosecutor, Inspector Iyabo Oladoyin, told the court that the suspect allegedly committed the offence between May 2021 and November 2022.
Ms Oladoyin said, “Adeyanju fraudulently used his position as sales manager to convert the money belonging to the company to his personal use.”
She said the offence contravened sections 516 and 390 (9) of the Criminal Laws of Oyo State, 2000.
However, the Magistrate, Adebola Adeola, granted bail to Mr Adeyanju in the sum of N1.6 million with one surety who must be a registered religious leader in like sum.
She adjourned the case until April 30 for hearing.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Rights
Minister advocates action for women empowerment, gender inclusion
She said, “This collaboration aims to ensure that all women, especially those in rural areas, have access to empowerment opportunities.”
Economy
OPEC woos Namibia as it prepares to produce oil from 2030
The OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade.
States
Governor Sule bans Fulani, Eggon, Bassa vigilantes in Nasarawa
The Nasarawa government has proscribed ethnic vigilance groups in the state based on an Executive Order signed by Governor Abdullahi Sule on Tuesday in Lafia.
Economy
Fidelity Bank’s customer deposits cross N4 trillion mark, posts N124.3 billion pre-tax profit
According to her, the total customer deposits crossed the N4 trillion mark, as deposits grew by 55.6 per cent from N2.6 trillion in 2022.
NationWide
Nigerian troops killing many IPOB/ESN criminals, ISWAP terrorists: Army Chief Lagbaja
“Both operations have undoubtedly led to the neutralisation of a significant number of IPOB/ESN criminals, the recovery of numerous weapons and ammunition…,” Mr Lagbaja said.
Economy
China warns Germany against economic protectionism at Beijing meeting
Germany and China depended on industry and supported free trade, Mr Xi said on Tuesday, according to Beijing.
