The police have arraigned one Emmanuel Okoro in a Wuse Zone 2 Magistrates’ court for alleged cheating Aso Savings and Loans bank of N13 million.
Okoro who resides at No. 5, Alafia street, Mushin, Lagos, is charged with two count charge of criminal breach of trust and cheating.
The prosecutor, Cpl. Francis Tanko, told the court that Mr. Emmanuel Uwandulu of Aso Savings, Abuja branch reported the case through a petition to the Inspector-General of police.
Tanko said that sometimes in May 2013, the accused dishonestly deceived the bank and collected N13 million with a promise to remit same within a year.
He said the accused ran away with the said money and converted it to his personal used and during the interrogation he could not give a satisfactory account of himself.
Prosecutor said the offence contravened the provisions of Penal code.
After the charges were read to the accused, he pleaded not guilty and denied the allegations.
The magistrate, Mr. Christopher Oba, admitted the accused to bail in the sum of N1 million with two sureties in like sum.
Oba ordered that the sureties must be civil servant not below Grade Level 10 or anybody that has landed property within the Federal Capital Territory (FCT) and must be verified by the prosecutor and court registrar.
He added that the sureties must be residents within the court jurisdiction and later adjourned the case to March 26 for further hearing. (NAN)