A 24-year-old Point of Sale (POS) operator, Yusuf Olamilekan, was on Monday arraigned before a Magistrates’ Court in Ota, Ogun State, over allegations of misappropriating N1 million belonging to his employer.
Olamilekan, whose residential address was not disclosed, pleaded not guilty to the charge of theft.
According to the police prosecutor, Inspector E.O. Adaraloye, the alleged incident occurred on April 7 around 6:00 p.m. in the Sango-Ota area.
He told the court that the defendant unlawfully withdrew the sum from the company account of Emeka and Jane Company, where he worked, without authorization.
Inspector Adaraloye further claimed that the accused used the money to engage in gambling, which ultimately resulted in a total loss.
The alleged offense is said to be in violation of Section 383 of the Ogun State Criminal Code Law, 2006.
Presiding over the matter, Magistrate O.O. Fadairo granted the defendant bail in the sum of N100,000, requiring one surety in the same amount.
The surety must live within the court’s jurisdiction, be employed, and present valid tax documents.
The case was adjourned to May 27 for further hearing.