The accused, Fatal Adeshina, 45, of unknown address, is facing a two-count charge of defrauding and theft.
The prosecutor, Cpl. Olumide Awoleke, told the court that Adeshina committed the offence between January and March at Otemuyi Sawmill in Oke-Aro Agbado, Ota.
He alleged that the accused, a salesman with Ola Ibidun Trading Store, made a fake entry in the company’s stock book with the intent to defraud his employer.
He said the accused stole N2.7 million belonging to Ismail Olayiwola, the Managing Director of the store where he worked.
Awoleke said the offences contravened Sections 360 (6) and 438 (b) of the Criminal Code,Vol.1, of the Revised Laws of Ogun state, 2006.
The accused, however pleaded not guilty to the charge.
The magistrate, Mrs. A.O. Abimbola, admitted him to bail in the sum of N500. 000 with two sureties in like sum.
She said one of the sureties must be own a developed property and must submit the title documents of the property to the court for verification.
Abimbola added that the sureties must show evidence of payment of tax in the last two years and should submit their passports to the court as part of the bail conditions.
Abimbola adjourned the matter until May 15 for further hearing. (NAN)