Two sales managers of Peninsula Microfinance Bank Ltd, Ajah, Lagos have appeared before the Igbosere Magistrate Court for allegedly converting N8,776,007.78 belonging to the bank for personal use.
The managers, Christian Odah and Ibrahim Haruna, pleaded not guilty to two-count charges of conspiracy and stealing.
Police prosecutor, Okete Ejime, told the court that the accused committed the crime between October 2018 and April 2019 at Peninsula Microfinance bank Ltd at Conoil Plaza, Ajiwe, Ajah, Lagos.
According to Mr Ejime, Odah allegedly collected N2,722,245.33 from customers and converted it to his use, while Haruna allegedly converted N6,054,851.45 to his use without authority.
The offences, he added, were punishable under sections 287(7) of the Criminal Law of Lagos State, 2015.
Magistrate M.A Agbeje granted the accused bail in the sum of N200,000 each with two sureties each in like sum.
The case was adjourned until April 25 for mention.
