Sterling Bank manager in court over $110,000 theft

Sterling Bank MD Yemi Adeola
Sterling Bank MD, Yemi Adeola

A manager with Sterling Bank, Elliot Abiodun, who allegedly stole $110,000 (N40 million), 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 bordering on conspiracy and stealing.

Prosecutor, Friday Mameh, told the court that the the offences were committed on June 3, at 10 a.m. in Lagos.

He said the accused stole the $110,000 property of Sterling Bank Plc.

Mameh said the offences contravened Sections 287(8) and 411 of the Criminal Law of Lagos, 2015.

The respondent, however, pleaded not guilty to the charges.

Abiodun’s counsel, T.J. Agoro, urged the court to grant him bail.

Agoro told the court that he would stand surety for the respondent and ensure that he showed up in court till the determination of the case.

Magistrate, O. A. Olagbende, released Abiodun to his counsel on the grounds that the lawyer would ensure that the accused attends court’s proceedings.

The Magistrate adjourned the case until September 19 for mention.