Three arraigned for allegedly defrauding company of N46.5m in Lagos

Three men, identified as Oto-Obong Enefiok, Emmanuel Henshaw, and Nasiru Saliu, were brought before the Ebute-Metta Magistrate Court in Lagos on Wednesday, accused of stealing N46.5 million from a company.
The defendants, aged 49, 47, and 58 respectively, appeared before Magistrate Mrs. Folarin Williams to face charges of conspiracy, obtaining under false pretenses, fraud, diversion, and stealing, as presented by police prosecutor Supol Stephen Molo.
Molo informed the court that the defendants, along with accomplices who remain at large, committed the alleged offenses on April 30, 2024. He detailed that they fraudulently obtained N6.5 million from Rena Africa, located at No 6, Rosenje Street, Gbagada, Lagos State. Additionally, they were accused of diverting 35 tons of fertilizer valued at N40 million.
Read also: Police arrests Islamic school teacher for allegedly sodomizing 12 students
These actions allegedly contravened Sections 411, 314, and 287 (9) of the Criminal Laws of Lagos State 2015.
Despite the charges, the defendants pleaded not guilty.
The defense counsel, Rotimi Komolafe, representing the second and third defendants, requested bail for his clients, stating, “I humbly apply that bail be granted to the second and third defendants in the most liberal terms.”
Magistrate Williams granted bail to each defendant in the sum of N3 million, with two sureties each required to post the same amount. The sureties must provide evidence of tax payment to the Lagos State Government, with one surety required to be at a managerial level.
The post Three arraigned for allegedly defrauding company of N46.5m in Lagos appeared first on Latest Nigeria News | Top Stories from TVN.