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Businessman docked for stealing N498m from company’s account

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A businessman, Suleiman Adamu, has been arraigned by the State Criminal Intelligence and Investigation Department (SCIID) of the Lagos State Police Command for allegedly hacking into the account of Cellulant Nigeria Limited and stealing N498.6 million.

Adamu, who pleaded not guilty to the four-count charge of conspiracy, fraud, hacking and issuance of dud checks, was arraigned alongside his companies, A.A Suleiman and Sky Cambrian Limited, before Justice Oluremi Oguntoyinbo of the Federal High Court, Lagos, on Tuesday.

According to the police prosecutor, Oluseye Anota, Adamu, with others now at large, between September and November 2018, unlawfully input a data into the account of Cellulant Nigeria Limited and withdrew the sum of N498.609m.

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The prosecutor further alleged that upon Adamu’s arrest, he issued two Zenith Bank cheques with numbers 54763201 and 54763202, but they were dishonoured due to insufficient funds.

Anota contended that the offences are contrary to Section 14 (1) of the Cybercrimes Prohibition Act, 2015; Section 513 (4) of the Criminal Code Act LFN, 2004; and punishable under Section 390 of the Criminal Code Act LFN, 2004.

The case was adjourned till November 12 for hearing and determination of the defendant’s bail application.

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