Three Bank Managers arraigned for allegedly Stealing Employers USD298

Confidence Onabu, a 32 year old  female Manager with capital investment Group Limited, and two others has been arraigned before a Lagos Magistrate’s Court for allegedly conniving to defraud their employer

of the sum of USD 298,000 equivalent to N112,000,000 during working
hours.
Other managers charged over the alleged fraud include Gbenga Obasa 43
and Samuel Adamu 33.
The accused person were arrested by the operatives of the Police
Special Fraud Unit, PSFU at Ikoyi Lagos and charged before the
Igbosere Magistrate Court on a two Count of stealing.
Police Counsel, George Nwosu told the court in charge No/B/36.2019
that the accused person committed the alleged offence between 28
November and 3 December 2018 at Capital Investment Group Limited in
Lagos.
Nwosu informed the court that the accused connived to steal the sum of
USD298,000 equivalent to N112,000,000 belonging to their employer,
capital Investment Group Limited.
He said that the alleged fraud was uncovered when the management of
capital Investment Group audited their account books.
Nwosu said the offences, the accused committed were punishable under
Section 411 and 287 (7) (8) of the Criminal Law of Lagos State, 2015.
The accused, however, pleaded guilty to the alleged to offences in the
open court  and Chief Magistrate, Folashade Botoku granted bail in the
sum of N10m each in like sum and  adjourned the case till 28 June,
2019 for mention.
Botoku ordered that the Defendant be remanded at the Kirikiri and
Ikoyi Prison respectively till they perfected the bail conditions.