An Apapa Chief Magistrates’ Court on Friday in Lagos granted N2 million bail to a 30-year-old sales manager, Shola Adedoyin, facing a charge of stealing N21.2 million from his employer.
Adedoyin, who pleaded not guilty to the charge, is a resident of Adebayo Street, Itire Ijesha, Surulere, Lagos.
The Chief Magistrate, Mr Michael Olubi, granted the accused bail with two sureties in like sum.
Olubi said that one of the sureties must be a civil servant of not lower than grade eight or employee of a reputable company within managerial level, while the second surety should be a close relative of the accused.
The Chief magistrate adjourned the case until Jan. 30, for mention.
Earlier, the prosecutor, Insp. Ferdinand Asu, told the court that the accused committed the offence between Sept. 1, 2014 and Dec. 2, 2018 at Black Horse Tobacco Nigeria Ltd.
According to him, the accused, who was a sales manager at the tobacco company, stole N 21.2 million, being proceeds made from the sales of cigarettes.
Asu said that the theft was discovered when the management decided to take an inventory of total sales in the company.
“The company discovered that they could not account for about N21.2 million.
“When the management confronted Adedoyin, they discovered that he had been receiving money from their customers and diverting the money into his personal account,” he said.
The offence contravened Section 287 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria (NAN) reports that the section prescribes a minimum of three-year jail term for an offender, if found liable. (NAN)