A 34-year-old employee, Usman Oluwatobi, was on Tuesday arraigned before an Abeokuta Chief Magistrates’ Court, Isabo, for allegedly defrauding his company of N600,000.
Oluwatobi, whose address was not provided, was charged with one count of fraud and pleaded not guilty.
The prosecutor, Insp. Evelyn Motim, told the court that the defendant committed the offence on Sept. 4 at Kaylog Business Support in the Elite area of Abeokuta.
Motim alleged that Oluwatobi diverted money belonging to the company into his personal account.
She said a review of the company’s financial records revealed discrepancies over the previous six months, prompting an investigation.
“It was discovered that the defendant had failed to remit the N600,000 into the company’s account, which led to his arrest,” the prosecutor said.
Motim said the offence contravened Sections 383 and 390(9) of the Criminal Law of Ogun, 2006.
The Magistrate, Mrs O.O. Sam-Obaleye, granted the defendant bail in the sum of N500,000 with one surety in like sum.
Sam-Obaleye ordered that the surety must be a registered bondsman with the Ogun State Judiciary.
She adjourned the case until Oct. 6 for mention.
