A 45-year-old man, identified as Aminu Nurudern, has been arraigned before an Ota Magistrates’ Court in Ogun State over claims that he diverted N2.7 million belonging to the Owowunmi Cooperative Thrift and Loan Credit Society.
Nurudern, who reportedly has no fixed address, faces two charges bordering on conspiracy and stealing. He, however, entered a plea of not guilty when the charges were read to him in court.
Police Prosecutor, ASP E.O. Adaraloye, informed the court that the defendant, along with others still at large, allegedly committed the offences between February 2022 and August 2023 in the Idi-Orugbo area, along Lafenwa, Itele-Awori, Ota.
According to Adaraloye, the accused person and his accomplices conspired to misappropriate N2.7 million contributed by members of the cooperative society, which was meant to be remitted to its headquarters.
The prosecutor explained that the actions of the defendant contravened Sections 383(1) and 516 of the Criminal Code, Laws of Ogun State, 2006.
After listening to the submissions, Magistrate O.O. Fadairo granted the accused bail in the sum of N1 million, with one surety in the same amount.
Fadairo further directed that the surety must reside within the jurisdiction of the court, be gainfully employed, and present proof of tax payment to the Ogun State Government.
The magistrate thereafter adjourned the matter till November 24 for further hearing.
