A 25-year-old sales representative, who was arraigned in Lagos for allegedly stealing N973,000 from his employer, was on Wednesday granted N200,000 bail.
Okunoye Adeola, who pleaded not guilty to a charge of stealing, resides at No. 6 Mosaku St., Abule Egba, Lagos.
An Ikeja Magistrates’ Court, which gave the ruling, also asked the accused to produce two sureties as part of the bail conditions.
According to Magistrate T.O Shomade, the sureties must be gainfully employed and should show evidence of two years’ tax payment to the Lagos State Government.
The Prosecutor, Insp. Raji Akeem, said that the accused committed the offence on Oct. 24 at No. 431 Agege Motor Road, Oshodi, Lagos.
He said that the accused, who was a sales representative at a shop owned by one Ayo Issa, stole N973,000 from the shop.
Akeem said that the accused received the sum of N973,000 being the proceeds from sales and converted the money to his personal use.
The prosecutor said that Issa did not know that Adeola was stealing from her until she decided to take stock of the goods in the shop.
“The accused was arrested and taken to the police station for further questioning,’’ the prosecutor said.
Akeem noted that the offence contravened Section 285 of the Criminal Law of Lagos State, 2011.
Shomade adjourned the case till Nov. 21 for mention.