Lateef, who was arraigned on two counts of stealing, was said to have defrauded his employers, Geopetrol Service Station, “systematically” for a period of eight months.
The police said the defendant diverted proceeds from the sales of petroleum products into his account from October 2012 to May 2013.
While his accomplice escaped after the fraud was detected, Lateef was apprehended and handed over to the police.
The charge read in part, “That you, Arashi Lateef, and others now at large on the same date, time and place in the aforesaid Magisterial District, while in the employment of Geopetrol Service Limited as sales manager did steal the sum of N10,000,000.00(Ten million naira only) being proceed for the sale of petroleum products, property of one Adeniyi Akewusola, of Geopetrol Service Limited.”
The prosecutor, Mr. Frank Inah, said the defendant by his conduct had violated Sections 409, 285(7) of the Criminal Law of Lagos State.
Lateef said he was not guilty of the charges and accepted to be tried at the Magistrate’s Court.
Inah announced the presence of the Investigating Police Officer and the complainant.
The counsel for the defendant urged the court to grant Lateef bail in the most liberal terms.
The magistrate, Ms S.O Solebo, who stood in for the presiding magistrate, Mrs. A.A. Demi-Ajayi, granted the defendant bail in the sum of N500,000 with two sureties each in like sum.
The matter was adjourned till September 30.