A 27-year-old employee, Sadiq Musa, appeared before the Magbon Alade Magistrates’ Court in Ibeju-Lekki, Lagos State, on Tuesday for the alleged illegal conversion of N13 million meant for Point of Sale (PoS) operations.
Mr Musa, whose address was not provided, faces a two-count charge of stealing and illegal conversion.
The defendant, however, pleaded not guilty.
The prosecutor, ASP Ekundayo Friday, told the court that the defendant committed the offences from April to July at Kara Market in Ibeju-Lekki, Lagos State.
Mr Friday said the defendant converted to his personal use the N13 million deposited with him for PoS business by his employer, Adedapo Damilola.
The prosecutor added that the defendant also converted to his personal use other sums of money he received from customers for business transactions.
He said the offences contravened sections 287(7) of the Criminal Law of Lagos State, 2015.
The magistrate, Olumide Fusika, admitted the defendant to N2 million bail with two sureties in like sum.
Ms Fusika directed that one of the sureties deposit N500,000 with the court as bond.
She added that the addresses of the sureties must be verified.
She adjourned the case until October 26 for mention.
