A former employee of Wema Bank, Akinyele Ogunpola has appeared before the Chief Magistrates’ Court, in Abeokuta, the state capital of Ogun State over alleged fraud.
Ogunpola, who is 40-year-old, was accused of defrauding his former employer of N70 million.
He is charged with conspiracy and theft.
According to the prosecution counsel, Inspector Olaide Rawlings, Ogunpola committed the crime in October 2021 at Wema Bank Oke-Ilewo in Abeokuta.
Rawlings told the court that the defendant, with his accomplice who is presently at large, defrauded the bank of N70 million.
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The court was told that the defendant was an employee of the bank working in the marketing department, where loans are being disbursed to customers who apply for loans.
She said when customers apply for loans, the defendant would include additional money to the loan.
The offence, she said, contravenes sections 516 ,383(1) and 390(9)of the Criminal Code Vol.1 Law of Ogun 2006.
The defendant, however, pleaded not guilty to the charge filed against him.
The Magistrate, I.O Abudu, admitted the defendant to bail in the sum of N5 million with one surety each in like sum.
Ms Abudu added that the surety must be a relative or a civil servant and must show evidence of tax payment to the Ogun government.
She thereafter adjourned the case until December 5 for a hearing.