Former employee faces N7.9m fraud charge


 A 31-year-old former employee of a Lagos-based company, Jayachandia Reddy, who allegedly obtained goods worth N7.9 million under false pretences, was on Monday brought before an Ejigbo Magistrates’ Court.

Reddy, whose residential address was not provided, is standing trial on a two-count charge of fraud and stealing preferred against him by the police.

The prosecutor, ASP Benedict Aigbokhan, told the court that the defendant committed the offence sometime in September 2022, at International Polyworks Company complex, Command Road, Ipaja, Lagos.

According to the prosecutor, the defendant fraudulently obtained goods worth N7.9 million from different customers on behalf of the company but converted the money to his personal use.

He said that the offence contravened Sections 287(7) and 314(1) of the Criminal Law of Lagos State, 2015.

The defendant pleaded not guilty to the charge.

The Magistrate, Miss K. A. Ariyo, granted him bail in the sum of N500,000 with two sureties in like sum.

Ariyo ordered that the sureties should be gainfully employed and must show evidence of tax payments to the Lagos State Government.

She also ordered that one of the sureties should be a blood relative of the defendant.

Ariyo adjourned the case until March 21 for mention. (NAN)