A 37-year-old man, Yusuf Fowosere, was on Thursday arraigned before an Igbosere Magistrate’s Court sitting at Tinubu, Lagos Island, for allegedly stealing ₦183 million and falsifying financial records belonging to his employer.
Fowosere, whose residential address was not provided, is facing a three-count charge of conspiracy, stealing, and fraudulent falsification of accounts.
The police prosecutor, Inspector Cyriacus Osuji, told the court that the defendant conspired with others, who are still at large, to commit the offences.
According to Osuji, the alleged crimes were committed on July 11, 2025, at Rosabon Financial Services Limited in Yaba, Lagos.
He alleged that Fowosere fraudulently altered and mutilated the company’s financial documents in order to divert the funds.
The prosecutor said the offences contravened Sections 411, 287(5)(e)(8), and 335(2) of the Criminal Law of Lagos State, 2015.
The defendant, however, pleaded not guilty to all the charges.
Magistrate Kehinde Awoyinka granted him bail in the sum of ₦3 million, with two sureties in like sum.
She ordered that the sureties must be gainfully employed, reside in Lagos, and provide proof of six months’ utility bill payments, while their addresses must be verified.
The case was adjourned till October 27, 2025, for a report of settlement or commencement of trial.