30-year-old man, Nzubechi Ucheagwu, who allegedly defrauded his employer of N160,000, on Tuesday appeared before a Surulere Chief Magistrates’ Court, Lagos State.
Ucheagwu, who resides at No. 5, Fawehinmi St., Ojuelegba, Lagos State, is facing a a two-count charge of obtaining by false pretences and stealing.
He, however, pleaded not guilty to the charge.
The prosecutor, Insp Courage Ekhueorohan, told the court that the defendant committed the offences in November at his residence.
Ekhueorohan said that the complainant, Mr Oderah Ndibuisi, gave the defendant N160,000 to use for Point of Sales (POS) operation and remit proceeds to him.
He said that the defendant failed to remit the proceeds.
“The defendant could not also give account of the N160,000 and the POS machine entrusted to him,” the prosecutor said.
Ekhueorohan said that the offences contravened Sections 287(7) and 314 (3) of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria (NAN) reports that Section 287(7) stipulates seven years’ jail term for stealing from one’s employer, while Section 314 prescribes 15 years’ jail term for fraud.
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The Magistrate, Mrs Sadiq Bello, granted the defendant bail in the sum of N100,000 with one surety in like sum.
Bello adjourned the case until Jan. 20, for trial.
Man faces trial for stealing N160,000 from employer
