Man, 36, Arraigned For Allegedly Stealing Company’s N13m

Posted on March 25, 2025
MICHAEL AKINOLA 
A 36-year old man, John Itoro Matthew, has been arrested and charged in Lagos State for allegedly stealing N13.7m belonging to Zibira Technologies Limited. 
P.M.EXPRESS reports that the incident happened at Opebi Road, Opebi Ikeja, Lagos, where the company is located.
According to the Police, the suspect was employed by the company between March, 2024 and June, 2024 and he allegedly stole the money with others now at large.
However, the management embarked on an internal audit and discovered that the money was missing. The suspect was summoned to explain what happened but he was unable to do so. The matter was reported to the Police at Ikeja Division. He was then arrested and detained at the station for interrogation over his alleged conduct.
After rounds of interrogation, the Police found him culpable and charged him before the Ogba Magistrate Court for the alleged conspiracy and stealing, which attracts several years of imprisonment.
The charge read:
COUNT I: “That you, John Itoro Matthew and others now at large, between the month of March, 2024 to the month of June 2024 at No. 22, Opebi Road, Opebi Ikeja, Lagos in the Ikeja Magisterial District, did conspire with others now at large to commit felony to wit stealing and thereby committed an offence contrary to and punishable under Section 411 of the Criminal Law of Lagos State Nigeria 2015.”
COUNT II: “That you, John Itoro Matthew and others now at large on the same date, time and place in the aforesaid Magisterial District, did steal the sum of Thirteen Million, Seven Hundred and Seventy-one Thousand, Eight Hundred Naira (N13, 771,800.00) belonging to Zibira Technologies Limited and thereby committed an offence contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State of Nigeria 2015.”
However, he pleaded not guilty.
The prosecutor, Supol Akeem Raji, then asked the Court to give a date for hearing since he pleaded not guilty to enable the Police to prove that he actually committed the alleged offence.
The Presiding Magistrate, Mrs. O. Kusanu, granted him bail with two sureties, who must show evidence of means of livelihood and evidence of 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 at Kirikiri town, Lagos, pending when he will perfect his bail conditions.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Member representing the Ile Oluji/Okeigbo/Odigbo Federal Constituency of Ondo State in the House of... Continue
Billionaire businessman and former Chairman of the defunct City Express Bank, Prince (Dr) Samuel... Continue
Terra Academy for the Arts (TAFTA), in partnership with Mastercard Foundation, has successfully concluded... Continue
CYRIACUS IZUEKWE  The Association of Community Pharmacists of Nigeria (ACPN) has raised alarm over... Continue
A seismic shift is underway in Nigerian music as Campus Music Spotlight (CMS) officially... Continue
  One combustible sector of our national life is the education sector. And stakeholders,... Continue
Fast rising multi-genre artist, Ugwu Erik Ebubechukwu, professionally known as PAC E, is carving... Continue
At the ongoing ninth edition of the Future Investment Initiative (FII) in Riyadh, Saudi... Continue
Nigeria’s foremost funeral undertaker and Chief Executive Officer of Apams Funeral Limited, Dr. Kevin... Continue
BY MICHAEL AKINOLA The Supreme Court on Friday struck out a motion filed by... Continue

UBA


Access Bank

Twitter

Sponsored