A 32-year-old ex-banker, Mr. Isaac Ajagbe, who was alleged to have stole N5.8 million from his employer, Guaranty Trust Bank (GTB), on Thursday appeared before an Iyaganku Chief Magistrates’ Court sitting in Ibadan.
Ajagbe, who lives in Christopher Street in Ologuneru area of Ibadan, is facing a two-count charge of conspiracy and stealing Police prosecutor, Sgt. Lekan Adegbite, told the court that Ajagbe, a former employee of GTB, Bodija Branch, Ibadan, allegedly conspired with one other, now at large, to commit the offence.
He said, “Ajagbe allegedly stole N5.8 million from his employer, Guaranty Trust Bank (GTB), between September 2016 and Feb.16, 2017 at Bodija Branch, Ibadan’’.
Adegbite said that the offence contravened Sections 390 (9) and 516 of the Criminal Code, Cap 38, Vol. II, Laws of Oyo State.
The accused however pleaded not guilty to the charges. Counsel to the accused, Mr Omolodun Aina, urged the court to grant his client bail in the most liberal term.
Chief Magistrate, Mrs Kehinde Omotosho, admitted the accused to N2 million bail with two sureties in like sum.
Omotosho said that the sureties should be responsible and reliable.
She said that one of the sureties must be a blood relation to the accused, while the other should be a public officer of not less than Grade Level 10.