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Police arraign bank manager in Lagos for stealing $110,000

The police in Lagos have docked a Lagos based bank manager, Mr. Elliot Abiodun has been charged to court for allegedly stealing the sum of 110,000 dollars (N40 million) from Sterling Bank.

Abiodun was on Friday arraigned before an Igbosere Magistrates’ Court in Lagos to answer the charges of conspiracy and theft preferred against him by the police.

The Prosecutor, Sgt.Friday Mameh, told the court that the accused committed the offences on June 3, at 10 a.m. in Lagos.

He said the accused stole the 110,000 dollars property of Sterling Bank Plc and that the offences contravened Sections 287(8) and 411 of the Criminal Law of Lagos, 2015.

The accused however pleaded not guilty to the charges when they were read to him by the prosecutor, a development that prompted his counsel, Mr T.J. Agoro apply to the court to grant his client bail.

Agoro told the court that he would stand surety for the accused and ensure that he showed up in court till the determination of the case.

The Magistrate, Miss O. A. Olagbende, released the accused to his counsel on the grounds that the lawyer would ensure that the accused attends court’s proceedings.

The Magistrate adjourned the case until Sept. 19 for mention.

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