A bank manager, Elliot Abiodun, who allegedly stole $110,000 (N40 million) from Sterling Bank, was on Friday arraigned before an Igbosere Magistrates’ Court in Lagos.
Abiodun, whose residential address was not given, is standing trial on a two-count charge of conspiracy and stealing.
The prosecutor, Sgt. Friday Mameh, told the court that the accused committed the offences on June 3 in Lagos.
He said the accused stole the $110,000 property of Sterling Bank Plc.
The prosecutor said the offences contravened Sections 287( and 411 of the Criminal Law of Lagos, 2015 and punishable under same.
The accused, however, pleaded not guilty to the charges.
Counsel to the accused, Mr. T.J. Agoro, urged the court to grant his client bail.
Agoro told the court that he would stand surety for the accused and ensure his presence in court throughout the duration of the case.
The Magistrate, Miss O. A. Olagbende, released the accused to his counsel on the grounds that the lawyer would ensure that he attends court’s proceedings.
The Magistrate adjourned the case till September 19.