Ugbomoiko of an Igbosere
Chief Magistrate’s Court,
on Friday, ordered the
remand of three bankers
who were charged before
the court on alleged theft
of N179 million belonging
to the bank.
The three bankers who
are staff of WEMA Bank
Plc are: Jegede Olamide,
34: Dada Babatunde,34
and Michael Olayanju, 41,
were charged before the
court by the
Police from the Special
Fraud Unit, SFU, Alagbon,
Ikoyi, Lagos.
Magistrate Ugbomoiko
ordered that the accused
persons be remanded in
prisons custody pending
fulfilment of the bail
conditions admitted to
them by the court.
The bankers were
alleged to have sometimes
in October 2014, conspired
with each other to defraud
the bank of the alleged
The prosecutor, Idowu
Odugbure, informed
the court that Olamide
and Dada who were
Corporate Managers
and Olaniyan who was
Business Development
Manager, had acted
contrary to sections 409
and 285 of criminal laws
of Lagos state of Nigeria,
The three accused
persons pleaded not
guilty to the charge.
Upon the plea of the
accused persons, the
presiding magistrate, Mrs
Joy Ugbomoiko, admitted
them to bail in the sum
of N100,000 with two
sureties in the same sum.
The sureties are to show
evidence of three years
tax payment to the Lagos
State government, means
of livelihood, and have
their residences verified
by the court prosecutor.
She also ordered that
the accused persons be
remanded in prisons
custody pending the
fulfilment of the bail
conditions, and adjourned
till April 7 and 8, for the
trial of accused persons.
Meanwhile, the Police
in Lagos arraigned three
unemployed men who
allegedly obtained N2.8
million under the pretext
of counterfeiting 100
dollar bills.
The accused– Temitope
Ibrahim, 19; Udo Chukwu,
56; and Omokaro Iyobo, 26
– were docked in an Ikeja
Chief Magistrates’ Court
on a three-count charge
of obtaining by false
pretences, conspiracy and
At their arraignment,
the Prosecutor, Insp.
Simon Imhonwa, told the
court that the accused
committed the offences on
Dec. 31 2015, at Powerline
Area, Egbeda, a Lagos
Imhonwa said that two
of the accused, Iyobo
and Chukwu, conspired
with Ibrahim, who was
an employee of one Mr
Moses Odikhena, to
obtain N2,789,000 needed
for the operation from his
employer’s business.
The offences, according
to the prosecutor,
contravened Sections
285, 312 and 409 of the
Criminal Law of Lagos
The Magistrate, Mrs
Bola Osunsanmi, granted
them bail in the sum of
N200,000 and adjourned
the case till April 11 for