Sales Manager Sent To Prison For Allegedly Defrauding Employer N90.4m

BY PAUL IYOGHOJIE

A Sales Manager with Lagos-based ICT Company, Tonic Technologies, Kehinde Afolabl, 29, has been arrested by the Nigerian Police at the Maroko Division, Lekki, Lagos and charged before a Lagos Magistrate’s Court for allegedly selling his employer’s tosh gift cards valued at N90.4 million and converted the money to his personal use instead of remitting the money into his employer’s account.

Police alleged that the defendant allegedly perpetrated the fraud by giving customers his bank account to be paying the money for the Tosh Card they bought from his employer instead of paying the money into his employer’s account.

Police claimed the burble busted when the management of Tonic Technologies audited its stocks and discovered that the defendant opened another Tosh Gift Cards account in his name for buyers to be paying for the cards they purchased and in the process depleted his employer’s income.

Following the development, the complainant reported the matter to the Divisional Police Officer, DPO incharge of Maroko Division, CSP Raji Ganiyu, who swiftly dispatched his men to arrest the defendant.

The defendant was charged before the Igbosere Magistrate’s Court at the Tinubu Magistrate’s Court on a two-count charge bordering on conspiracy and stealing.

Police Counsel, Reuben Solomon told the Court in the charge marked P/22/2025 that the defendant committed the offence between the month of January and March, 2025 at 1, Alhaji Yekini Bakare Street, Orchid Road, Lekki Phase I, Lagos.

Solomon informed the court that the defendant cheated his employer of the sum of N90.4 million within the three months by converting the money he realised from the sales of  the tosh gift cards to his personal use instead of remitting the money into his employer’s account who is paying his salary.

The Police Counsel said the offences, the defendants, committed were punishable under sections 411 and 287(7) of the Criminal Law of Lagos State, 2015.

The defendant, however, pleaded not guilty to the charges and the Magistrate, Mrs. N.O Wahab granted him N5 million bail with two surties in like sum.

Wahab adjourned the case till 14 May, 2025 for mention and ordered that the defendant be remanded at Ikoyi Correctional facility till he perfected the bail conditions.