According the Nations
A 31- year -old ex-staff of Stanbic IBTC Plc, Ogunsola Israel, was on Friday re-arraigned before an Iyaganku Chief Magistrate Court sitting in Ibadan over an alleged N19.5million fraud.
The suspect was first arraigned at an Iyaganku Chief Magistrate Court on three charges bordering on stealing and fraudulent transaction.
Isreal was previously arraigned on August 24, 2012, before Magistrate Sola Adekujoye.
He had pleaded not guilty to the charges preferred against him and was granted bail in the sum of N5million.
During Friday’s proceeding, the police prosecutor, Inspector Ade Adebusoye, told the court that the re-arraignment was necessitated by the transfer of the presiding magistrate out of the court’s jurisdiction.
Adebusoye added that the accused committed the offence between July 2011 and March 2012 within the premises of Stanbic IBTC Plc, Ring Road, Ibadan.
The prosecutor said the accused, a former employee of the bank, failed to account for the aforementioned amount that was received on behalf of the bank.
Adebusoye further alleged that the accused also made fraudulent transactions on the Stanbic IBTC Account no: 9200927941.
According to him, the offences contravened Sections 390 (9) and 438 (B &C) of the Criminal Code Cap 38 Vol. II Laws of Oyo State of Nigeria 2000.
The accused, again, pleaded not guilty to the charges.
The Magistrate, Mr. A. A. Adebisi, allowed the accused to continue with the previous bail terms.
He adjourned the case to August 27 for hearing.
