Wednesday, September 23, 2026

Police arrest, arraign bank employee for theft

A 34-year-old microfinance bank staff, Olatunde Olatimehin, has been arraigned in Lagos for allegedly stealing the bank’s N569,225.

• February 13, 2023
Baobab Microfinance bank
Baobab Microfinance bank [Photo Credit; BusinessDay]

A 34-year-old microfinance bank staff, Olatunde Olatimehin, has been arraigned in Lagos for stealing the bank’s N569,225.

Mr Olatimehin, a staff of Baobab Microfinance bank, Ojo, Lagos, appeared before Magistrate L.J.K Layeni on Monday in Ojo. 

The defendant was arraigned on a two-count charge of stealing and causing a breach of peace.

He, however, pleaded not guilty to the charge.

The prosecutor, Simon Uche, told the court that the defendant committed the offences on February 2 on the bank’s premises.

He alleged that the defendant stole the sum paid by customers to the bank and received it through his account.

The prosecutor said the defendant’s conduct also caused a breach of the peace at the bank.

The offences contravene sections 168 (d) and 287 of the Criminal Law of Lagos State, 2015.

The court granted the defendant a N300,000 bail with two sureties in like sum.

The magistrate adjourned the case until March 6 for trial. 

(NAN)

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