Home / News / Micro-finance firm staff sentenced to 5 years in prison for stealing N1.5m

Micro-finance firm staff sentenced to 5 years in prison for stealing N1.5m

An Abeokuta Magistrates’ Court docket sitting in Isabo, on Monday, sentenced a 32-year-old man, Oke Gabriel, to 5 years imprisonment for stealing N1.5 million, belonging to Grace and Mercy Micro-finance Firm.

The Prosecutor, Insp. Abolade Bukola, instructed the court docket that the defendant dedicated the offence in Might 2019, at Grace and Mercy Micro-finance Firm at Iyanu Cele, Automotive-wash space, Abeokuta.

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Bukola stated the convict was a member of employees of the corporate, working as Credit score Officer.

She additional revealed that the convict collected cash, totalling N1. 456.700, from varied clients as mortgage funds however didn’t remit similar to the corporate’s account.

The prosecutor added that when the corporate found the lacking cash and requested Gabriel, he couldn’t give account, having transformed the cash to his private use.

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In line with her, the offence contravenes Part 390(6) of the Prison Code, Legal guidelines of Ogun, 2006.

The Justice of the Peace, Mrs I. O Abudu, in her ruling sentenced the Gabriel to 5 years in jail.

She, nonetheless, gave him an choice of N100,000 high quality.

The Justice of the Peace additionally ordered the convict to refund the cash he stole from the corporate,NAN stories.

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