Store Keeper, Manager Remanded For Diverting Company’s Money

Store Keeper, Manager Remanded For Diverting Company’s Money
  • PublishedOctober 9, 2021


By Yusuf Oketola

TWO workers of Moradeyo Water and Juice Store, Aregbesola Area, Osogbo, State of Osun, Elisha Ajayi and Itunu Adeyemi have been remanded in Police custody by an Osogbo magistrate’s court for allegedly diverting a sum of N3 million belonging to the company to their personal use.

Ajayi and Adeyemi, were said to be Manager and Store Keeper respectively at the company.

They were alleged of conspiring with others at large between May and September 2021 to fraudulently convert the company’s N3 million to their own.

According to a motion exparte filed at the court by the Police on Wednesday, instead of remitting the money realized from the sales of products into the official account, the workers were remitting it into their personal accounts and also altered the account book of the company.

Presenting the motion before Magistrate A.A. Adebayo, Police prosecutor, Inspector Adeoye Kayode, said the Police needed more time to conclude investigations on the matter. 

Kayode prayed the court to remand the two suspects in the Police custody for 10 days pending the conclusion of investigation and arraignment.

Magistrate Adebayo granted the application and ordered that the two suspects be remanded in Police custody for 10 days.

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