A 38-year-old staff member of Fund Electronic Transfer System Kennedia Consultant Company, Adekunle Adeniji, was arraigned on Thursday for allegedly defrauding his employer of N9.7 million.
Adeniji is standing trial before an Iyaganku Magistrates’ Court in Ibadan, Oyo State, on a two-count charge of fraud and stealing, to which he pleaded not guilty.
The prosecutor, Sergeant Samuel Owolabi told the court that the defendant committed the offences between 2024 and February 2025, at Monatan area of Ibadan.
He alleged that the defendant defrauded the company of the money without its consent and had thereby committed an offence contrary to Sections 422 and 390(9) of the Criminal Laws of Oyo State, 2000.
The Magistrate, Gladys Oladele granted the defendant bail in the sum of N2 million with two sureties in like sum.
She adjourned the case until March 17 for hearing.
(NAN)
