Microfinance Bank Manager Arraigned For Alleged Stealing N2.4m

PAUL IYOGHOJIE

A Manager with the Alaba Ojo, Lagos branch of Addosser Microfinance Bank Plc, Lagos, Habib Ajeigbe has been arrested and arraigned before a Lagos Magistrate Court for allegedly stealing the sum of N2,455,500 belonging to his employer.

Police source alleged that the arrest of the 38-year old Ajeigbe was ordered by the Divisional Police Officer, DPO in charge of Lion Building Division, Lagos Island following a complaint by the management of Addosser Microfinance Bank.

After investigation by Sgt. Gboyega Oyeniyi and his team, Ajeigbe was charged before an Igbosere Magistrate Court,, Lagos on a one-count charge of felony to wit. stealing.

Police Counsel, Inspector Oladejo Balogun informed the Court in charge No I/21/2018 that the accused committed the offence in September 2017 and 3 April 2018 at the Alaba Ojo branch of the bank.

Balogun told the Court that the accused betrayed the trust reposed in him by his employer as a loan repayment collection manager as he collected the sum of N2,455,500 from the customers of the bank and converted the money to his use instead of remitting the money into his employer’s account.

He said the offence is contrary to Section 280(1)(b) and punishable under Section 287(7) of the Criminal Laws of Lagos State of Nigeria 2015.