Thursday, October 29, 2015

Police arraign lawyer for diverting company’s N50m

The police in Lagos have arraigned a former director of IT Bureau De Change Limited, Mrs. Ifeyinwa Morah, before an Apapa Magsitrates’ Court for allegedly diverting N50m owned by the firm into a private account.

PUNCH Metro learnt that Morah, who is also a lawyer, headed the company’s Business Development till June 2015 when she was relieved of the position.
She was said to have withdrawn the money from the Fidelity Bank account used by the company on June 18 and deposited same to a Zenith Bank account given as 1000845723. It was learnt that the money had yet to be recovered from the suspect.
The police said the 40-year-old lawyer upon her resignation, left with the company’s Certificate of Incorporation, Memorandum and Articles of Association, forms on particulars of directors, statement of share capital, operational licence, among others.
She was subsequently arrested and charged on two counts bordering on fraud to which she pleaded not guilty.
Read More  http://punchng.com/2015/10/2071

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