Sponsored
Metro

How Man, 35, Preferred Prison To Refunding Company’s N10m

Sponsored
Sponsored


CYRIACUS IZUEKWE


A 35-year old man, Osaji Chukwuma, has chosen to spend the next three years in prison custody rather than refund the sum of N10m he allegedly stole from the company where he was engaged as sales representative in Lagos.


P.M.EXPRESS gathered that Chukwuma was said to have preferred to keep the money and go to prison thereafter he will come out and use the money to establish his own business.


He was found guilty before the Isolo Magistrates Court for stealing the sum of N10, 882,560.70 belonging to Taylek Drugs Company Limited located at Plot 8, Block M, Abimbola Street, Isolo, Lagos.

He was engaged to sell products and remit the money to the company’s account but he chose to convert the money to his own use. He absconded with the money and the matter was reported to the Police at Ilasamaja Division. Police operatives then trailed and arrested him for interrogation.

During interrogation, he did not deny having the said money in his care but refused to return it and he was then charged before the Court for the alleged offence.


He pleaded guilty.

The prosecutor, Mr. Innocent Odugbo, then presented the facts of the matter and asked the Court to sentence him accordingly to serve as deterrent to any person who might try such in future.


The Presiding Magistrate, Mrs. O. Kushanu, found him guilty as charged and sentenced him to three years imprisonment with the option of refunding the money and regaining his freedom.

However, Chukwuma chose prison custody rather than refund the money.

Sponsored
Alinnor Arinze

Recent Posts

National Awards: Obasa Congratulates Alake, Omatseye, Otitoju, Other Media Professionals

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated some…

3 hours ago

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

6 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

6 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

8 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

8 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

9 hours ago
Sponsored