Lady, 25, Arraigned For Allegedly Stealing Company’s Over N460m

KINGSLEY EBERE 

A 25-year old lady, Egenio Isioma, has been arrested and charged in Lagos State for allegedly stealing company’s $292, 876, which is the equivalent of over N460m belonging to Vallente Capital Limited. 

P.M.EXPRESS reports that the incident happened sometime in March, 2025, at  Raymond Njoku Street, off Awolowo Road, Ikoyi, Lagos where the company office is located.

The Police however, did not disclose how she managed to have such access to huge sums of the money and her position in the company where the money was stolen.

But the Police alleged that she and others now at large conspired and stole the money and thereby committed an offence under the Criminal law of the State.

According to the Police, the company discovered that the money was missing through their internal audit and it was traced to the lady, who was unable to explain what happened.

The matter was reported to the Police at the State Criminal Investigation Department, Yaba, Lagos. The Police moved into action, arrested the lady and detained her for interrogation over the alleged missing money.

After interrogation, the Police found her culpable and charged her before the Yaba Magistrate Court for the alleged offence, which attracts several years of imprisonment.

Part of the charges read:

“That you, Egenio Isioma and others at large on or before the 25th of March, 2025, at Raymond Njoku Street, off Awolowo Road, Ikoyi, Lagos State, in the  Magisterial District, did conspire amongst yourselves to commit felony to wit stealing and thereby committed an offence punishable Section 411 of the Criminal Law of Lagos State of Nigeria, 2015.”

COUNT 2: “That you, Egenio Isioma and others at large on or before the 25 of March, at Raymond Njoku Street, off Awolowo Road, Ikoyi, Lagos State, in the Lagos Magisterial District, did steal the sum of over $292, 876 Dollars, which is equivalent of over N460m, property of Vallente Capital Limited and thereby committed an offence contrary to Section 287 (7) of the Criminal Law of Lagos State of Nigeria, 2015.

However, she pleaded not guilty.

The prosecutor, Supol Thomas Nurudeen, then asked the Court to give a date for hearing since she pleaded not guilty to enable the Police to prove that she actually committed the alleged offence.

The Presiding Magistrate, Mrs. A.O. Alaka, granted her bail with sureties, who must show evidence of means of livelihood and tax payment while addresses will be verified by the Court.

The matter was adjourned for mention while the defendant was remanded in custody at the correctional center pending when she will perfect her bail conditions.