A Project manager, Olayinka Olafimihan, has been arraigned before a Tinubu Magistrates’ Court for allegedly stealing N199 million from a property company.
The suspect was accused of forging documents to steal cash, building materials and equipment valued at N199,074,880.15 belonging to Twins Wild Passion.
Olafimihan allegedly committed the offence between September 2014 and July 2016 while working as Project Manager of Twin Wild Passion at 84, Ozumba Mbadiwe Street, Victoria Island.
Police prosecutor Goodluck Admoni said the offence of forgery contravenes Section 361 of the Criminal Law of Lagos State, 2011.
Olafimihan is facing a three-count charge of conspiracy to commit felony, forgery and stealing.
Count three reads: “That you, Olayinka Olafimihan ‘M’ and others now at large on the same date and place in the Lagos Magisterial District did steal cash, building materials and equipment valued at N199,074,880.15, property of Twins Wild Passion and thereby committed an offence punishable under Section 285(8) of the Criminal Law of Lagos State 2011.”
The defendant pleaded not guilty.
Magistrate Y. O. Aje-Afunwa granted him N10million bail with two sureties each.
One of the sureties must be a land owner in Lagos; the other must be a community leader.
The sureties must also present evidence of tax payment, the magistrate ruled.
Mrs Aje-Afunwa adjourned till April 5.
