A\u00a0 United Bank for Africa (UBA), staff identified as Oluwaseye Adu, has been arraigned before an Ikeja Special Offences Court for allegedly stealing $200,000 belonging to an insurance firm.<\/p>\n
36-year-old Oluwaseye was arraigned\u00a0 before the court by officials of the Economic and Financial Crimes Commission (EFCC).<\/p>\n
The accused pleaded not guilty to the charge.<\/p>\n
According to the EFCC prosecutor, Mr U.U Buhari, the UBA Plc staff committed the offence sometime in 2014 in Lagos.<\/p>\n
\u201cThe defendant dishonestly converted to his own use the sum of $200,000 belonging to Insurance Brokers of Nigeria (IBN),\u201d he said.<\/p>\n
According to the prosecution, Adu was UBA\u2019s Relationship Officer to the complainant when he allegedly stole the funds from the insurance firm\u2019s account.<\/p>\n
The offence contravenes Section\u00a0 299 of the Criminal Law of Lagos 2015.
\nFollowing the arraignment of the defendant, Buhari requested that the banker be remanded at the correctional center.<\/p>\n
But his\u00a0counsel, Mrs M. Uloma, however via a bail application dated March 6, 2020 pleaded with the court to grant her client bail in liberal terms.<\/p>\n
Justice Oluwatoyin Taiwo in a short ruling granted the banker bail in the sum of N20 million with two sureties in like sum.<\/p>\n
She said one of the sureties must be a landowner, the other surety must be a close relation to the defendant and must reside in Lagos.<\/p>\n
The judge also ordered that the sureties must provide evidence of taxes and evidence of gainful employment.<\/p>\n
Justice Taiwo while adjourned the case till May 4 for trial, ordered that the UBA Plc staff be remanded in the\u00a0 custody of Nigerian Correctional Services (NCS) till the perfection of bail terms.<\/p>\n","protected":false},"excerpt":{"rendered":"
A\u00a0 United Bank for Africa (UBA), staff identified as Oluwaseye Adu, has been arraigned before an Ikeja Special Offences Court for allegedly stealing $200,000 belonging to an insurance firm. 36-year-old Oluwaseye was arraigned\u00a0 before the court by officials of the Economic and Financial Crimes Commission (EFCC). The accused pleaded not guilty to the charge. According […]<\/p>\n","protected":false},"author":1,"featured_media":3495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[75,2372,775],"class_list":["post-3494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-efcc","tag-insurance-firm","tag-uba"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3494"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3494"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3494\/revisions"}],"predecessor-version":[{"id":3496,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/3494\/revisions\/3496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/3495"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}