2 accountants docked over theft of N4.5m belonging to cooperative society

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IKEJA – The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned two accountants, Zaccheus Olaniyi and Seyi Agbekuyide, over alleged theft of N4.5 million belonging to a cooperative society.

The defendants who are members of the College of Medicine, Idi-Araba, Staff Cooperative and Credit Society, were charged before Justice Oluwatoyin Ipaye of an Ikeja High Court.

Forty-two-year-old Olaniyi lives at No. 21, Elegbede St., Aguda, Surulere, while Agbekuyide, 39, is resident at Estate, Ijaiye, in Lagos.

The News Agency of Nigeria (NAN) reports that the defendants are facing a 13-count amended charge bordering on conspiracy to steal and forgery.

The EFCC counsel, Mr Abba Mohammed, said the defendants committed the offences between August 2007 and April 2009.
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At the period the two were financial secretary and treasurer of the cooperative respectively.

Mohammed said they fraudulently withdrew various sums of money from the cooperative’s coffers by forging the signature of its then President, Mrs Omolara Jimoh.

According to him, offences contravene Sections 309 (9) 427 and 516 of the Criminal Law of Lagos State of Nigeria 2011.

NAN reports that the offence of stealing attracts three years imprisonment upon conviction.

Olaniyi and Agbekuyide however pleaded guilty to the charge.
The judge ordered Olaniyi to be remanded in Kirikiri Maximum , pending the hearing and determination of the matter.

She, however, permitted Agbekuyide to enjoy the earlier granted to him by the court.
NAN reports that the matter was adjourned till May 15 for trial. (NAN)
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