A 34-year-old sales representative, Seyi Adigun, appeared before an Ikeja Magistrates’ Court on Tuesday for allegedly stealing N3.5 million from sales proceeds belonging to his employer.
Adigun, who resides at 11 Akinsule Street, Mushin, Lagos, is facing charges of conspiracy, stealing, and causing a breach of the peace.
He pleaded not guilty to the charges.
According to the prosecutor, Inspector Funmilola Akinleye, the alleged offences occurred on November 1, 2024, at 47 Bashiru Shittu Street, Magodo Phase 2, Lagos.
Akinleye told the court that the defendant, along with others who are still at large, allegedly diverted N3.5 million generated from the sale of pharmaceutical products owned by his employer, Amen Eghonwanre.
The prosecutor added that the missing funds were discovered during an audit of the company’s account.
The offences, Akinleye said, are in violation of Sections 168, 287, and 411 of the Criminal Law of Lagos State, 2015.
Presiding Magistrate Seyi Omodara granted the defendant bail in the sum of N300,000 with two sureties in the same amount.
The case was adjourned until May 12 for mention.