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By Correspondent in Ota.
A 29-year-old business manager, Ademola Adenike, has been brought before an Ota Magistrates’ Court in Ogun State over an alleged N6.8 million fraud involving her employer’s funds.
Adenike, whose residential address was not disclosed, appeared in court on Wednesday facing a one-count charge of stealing.
The case has drawn attention to alleged internal financial misconduct within corporate establishments.
The Prosecuting counsel, ASP E. O. Adaraloye, told the court that the defendant, while serving as a business manager at JDKL Recycling Nigeria Limited, allegedly diverted company funds into her personal account.
According to the prosecution, the incident occurred at the company’s premises located along Km 5, Ajegunle Road, Atan-Ota, where Adenike was entrusted with financial responsibilities.
Adaraloye further explained that the alleged offence contravenes Section 390(B) of the Criminal Code, Laws of Ogun State, 2006, which prescribes penalties for stealing and fraudulent conversion.
The defendant, however, pleaded not guilty to the charge, setting the stage for a legal contest as the prosecution prepares to present evidence to substantiate its claims.
In her ruling, the presiding Magistrate, Mrs O. O. Fadairo, granted the defendant bail in the sum of N700,000, with one surety in like sum.
The court emphasized that the surety must meet conditions deemed sufficient to ensure the defendant’s appearance at subsequent proceedings.
The case was adjourned until May 24 for further hearing.
