Estate administrator docked for allegedly stealing N3.9m

Thu, Sep 1, 2022
By editor
1 MIN READ

Africa

THE Police in Lagos on Thursday arraigned the administrator of Olorunda Estate Residents Association (OLERA), Alapere-Ketu, Lagos, Oluyemi Abayomi, for allegedly stealing N3.9 million.

Abayomi, 47, resident of Adepitan Street, Ogudu, Lagos, is standing trial in an Ogudu Magistrates’ Court on a two-count of conspiracy and stealing.

The prosecutor, Insp Donjour Perezi, told the court that the defendant, being the administrator of the estate’s CDA, on Aug. 5, stole the sum of N3.9 million entrusted in his care.

He said the President of the Olorunda Estate Residents Association, Mr Olalekan Oladunjoye, reported the incident at the Area Commander’s office, Area H, Ogudu, on behalf of the residents.

The prosecutor alleged that the defendant stole the money donated by residents for the development of the estate.

He said that the defendant failed to deposit the money into the estate’s bank account.

The offences contravened sections 287 and 411 of the Criminal Law of Lagos State, 2015.

The defendant, however, pleaded not guilty to the charge.

The Magistrate, Mrs M.O. Tanimola, granted defendant bail in the sum of N500, 000 with two sureties in like sum.

Tanimola adjourned the matter until Oct. 28, for further hearing.(NAN)

C.E

Tags:


Stock market gains N91bn

THE stock market closed the week on a positive note on Friday, with market value growing by N91 billion. Specifically,...

Read More
African leaders unite to mobilize African investment, financing for  Agenda 2063

Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial...

Read More
ECOWAS donates 2,238,000 dollars to agricultural centres to boost youth employment

THE ECOWAS Commission, as part of the Regional Strategy for Youth Employment in Agricultural Value Chains has donated 2,238,000 dollars to...

Read More