The money allegedly belonged to Diamond Bank.
A 43-year-old banker, Ige Adegboye, on Tuesday in Lagos appeared before an Igbosere Magistrates’ Court charged with alleged theft of N43.7 million.
The accused, whose address is unknown, is facing a three-count charge of conspiracy, stealing and fraud.
The prosecutor, Raymond Akhaine, told the court that the accused committed the offences sometime in 2008 in Lagos in his capacity as the Regional Manager of Diamond Bank, Kaduna Branch.
He said the accused stole the money, property of the bank.
“The accused obtained a facility from the bank under the pretext of using a fixed deposit of National Union of Textile Garment as a security,’’ Mr. Akhaine, a Deputy Superintendent of Police, said.
The offences, he said, contravened Sections 285, 313 and 409 of the Criminal Law of Lagos State 2011.
Section 313 provides a maximum of 15 years imprisonment for convicted felons.
Mr. Adegboye entered a not-guilty plea and was granted bail in the sum of N2 million, with two sureties in like sum.
Magistrate I.O. Omotosho fixed May 16 for mention.
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