A storekeeper, Tunde Folaranmi, who allegedly stole N5.7 million worth of goods from his employer?s shop, was on Tuesday charged before a Somolu Magistrates? Court, Lagos.
A storekeeper, Tunde Folaranmi, who allegedly stole N5.7 million worth of goods from his employer?s shop, was on Tuesday charged before a Somolu Magistrates? Court, Lagos.
Folaranmi, 30, who lives at No. 42 Church St., Alaso, Alagbado, a Lagos suburb, is facing a single count charge of stealing.
The prosecutor, ASP Akinlebi Adegoke, told the court that the accused, an employee of Ajoke Stores, allegedly stole the goods sometime between July and December. Adegoke said that the offence was committed at the store located at No. 1, Pa Oshunkeye Crescent, Gbagada Phase 2, Lagos.
The prosecutor said the fraud was discovered, following an audit carried out at the store.
“Folaranmi took delivery of Cadbury and Wempco food and beverage products, four times, between July and Dec.; goods valued at N5, 799,021. It was also discovered that he supplied goods to customers and failed to remit the money realised to the company’s account within the period,?? he said.
Adegoke said that from police investigations, it was uncovered that the accused, who was on a N17, 900 monthly salary and no other source of income, had within the period spent several millions of naira on personal effects.
?“Folaranmi between August and December rented and furnished tastefully a three-bedroom flat; purchased a piece of land and a Nissan saloon car. He also tried to obtain a Canadian visa twice, which cost him a total of N3,350,000, along with expenses for his wedding ceremony set for Dec. 22,?? he said.
Adegoke said the offence committed contravened Section 285 of the Criminal Code Laws of Lagos State 2011. Folaranmi, however, pleaded not guilty to the charge.
The Magistrate, Bola Osunsanmi, granted the accused bail in the sum of N500,000 with two sureties in like sum and adjourned the case to Jan. 16 for trial.
