Father, son accused of stealing N75m from Lagos firm

Father, son accused of stealing N75m from Lagos firm

Thirty-one-year-old Babatunde Ishola and his father, Bayo, have been remanded by the court at the Kirikiri Correctional Centre for allegedly stealing N75m belonging to a lotto company in Lagos State.

The defendants were arraigned on two counts of stealing and diversion of funds at the Yaba Magistrates’ Court in the state.

The duo were alleged to have taken money from the company’s account and diverted it to their accounts and those of their cohorts who are now at large.

In a document signed by the police prosecutor, Mike Enejere, the first defendant, Babatunde, served as the account officer of the lotto company as the funds were diverted between 2020 and 2023.

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The charge read in part, “That you, Ishola Mubarak Babatunde, Ishola Rasheed Bayo, and others now at large, between 2020 and 2023, at Lotgrand Limited, a registered lotto company in Lagos, within the Magisterial District of this Honourable Court, conspired amongst yourselves to commit felony to wit stealing. You thereby committed an offence punishable under Section 411 of the Criminal Law of Lagos State 2015.