The Managing Director of QC Investment Limited, located at Oyemekun area of College Road, Agege, Lagos, western Nigeria, Federick Aikhaituanen, 36, has been arraigned before a Lagos State Magistrates’ court for allegedly stealing the sum of N55m belonging to Zero Interest Multipurpose Cooperative Society.
The accused was arrested by operatives of the X Squad of the Federal Investigation Department, FCID, Alagbon Close, Ikoyi, Lagos and arraigned before an Igbosere Magistrates’ Court, Lagos on a three-count charge of felony to wit, forgery and stealing.
Police prosecutor, ASP Henry Obiazi, informed the court in charge No A/17/2016 that the accused committed the offence in October 2014 and 12 January, 2015 at Ikeja, Lagos.
Obiazi told the court that the accused forged the signature of Ola Majiyagbe and used it to withdrew the sum of N55m belonging to Zero Interest Multi-purpose Cooperative Society domiciled at a new generation bank without authorisation and converted the money to his personal use.
Count 2 of the charge reads: “That you Federick Aikhaituanen and others still at large on the same date and place did steal the sum of N55m, property of Zero Interest Multi-Purpose Cooperative Society.
Obiazi said the offences the accused committed are punishable under sections 409, 285(9)(b) and 363(1) of the criminal Laws of Lagos State, 2011.
The accused pleaded not guilty to the police allegations in the open court, and Chief Magistrate Mrs A. O. Sholadoye admitted him to bail in the sum of N2m with two sureties in like sum.
Sholadoye adjourned the case till 22 April, 2016 for mention, while the defendant was taken to Ikoyi Prison, Lagos pending when he will fulfil his bail conditions
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