Two accountants: Kayode Akinlade and Omotayo Salami, who allegedly stole N12.1 million from their employer, appeared before a Chief Magistrates’ Court in Ikeja on Tuesday, 29 September.
Akinlade, 53, and Salami,34, residents of Oko-Oba area of Lagos State, are facing a two-count charge of conspiracy and stealing.
They, however, pleaded not guilty to the charges.
The Prosecutor, ASP Kehinde Ajayi, told the court that the defendants committed the offences between Sept. 1, 2019 and March 31, 2020 at Ebenezer Montessori School, Labak Estate, Oko- Oba.
Ajayi alleged that the defendants hacked into the company’s account and stole N12, 162, 000 belonging to their employer.
Ajayi said the offences contravened Sections 287(7) and 411 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria, NAN reports that Section 287(7) stipulates seven years’ jail term for stealing from one’s employer, while Section 411 provides two years for conspiracy.
The Chief Magistrate, Mrs A.O. Ajibade, granted the defendants bail in the sum of N2 million each with two sureties each in like sum.
Ajibade said one of the sureties must own a landed property within the court’s jurisdiction.
The Chief Magistrate, then adjourned the case until Oct. 29 for mention.