Lagos - An employee at Global Investment and Communication Limited has been arrested for allegedly defrauding the telecommunications company of N40 million.
Samson Ukpolo has been arraigned before the Lagos Magistrates Court after he allegedly conspired with another suspect who is still at large.
The prosecutor, Inspector Richard Odigie alleged that the defendant committed the offence between January and August 2013.
He said the offence allegedly committed by the defendant was punishable under Sections 409 and 285 of the Criminal Laws of Lagos State of Nigeria, 2011.
When the two count charge allegation was read to the defendant, he pleaded not guilty charges and asked the court through his counsel, Ola Ogunbiyi, to grant him bail in the most liberal term.
Ogunbiyi in his submission insisted that his client was innocent as would be revealed during trial.
The court acceded to his request and admitted the defendant to bail in the sum of N1 million with two responsible sureties in like sum.
He was also ordered that one of the sureties must have a landed property within Lagos State, while the second surety must be a Grade Level 15 officer in Lagos State or federal ministry.
The court ordered that the two sureties must deposit N200 000 each to the designated account of the court’s Chief Registrar, and show the court evidence of three years tax payment to Lagos State government.
The matter has been adjourned to October 22 for commencement of trial.
– CAJ News