Lagos secondary school bursar docked for N705,000 fraud

A secondary school bursar, Richard Olaleye, who allegedly defrauded the
school of N705,000, on Thursday appeared before an Ikeja Chief
Magistrates’ Court. Olaleye, 44, who resides at No. 9, Salami St., Maidan,
Mile 2, a Lagos suburb, is facing a two-count charge of stealing and
fraudulent use of accounting.
According to the prosecutor, Insp. Simon Imhonwa, the accused committed
the offences between June, July and August 2015 in the school located at
No. 27, Mary St., Irawo, Ikorodu. Imhonwa said the accused, who was in
charge of payments and accounting records of the school, converted a total
sum of N705,000 from the school’s coffers to personal use.
He said the accused in an attempt to cover up the fraud, destroyed several
receipt booklets belonging to the school. “The alleged missing fund was
discovered following a quarterly audit done by officials of Pillar Private
School,” Imhonwa said. He said the offences contravened Sections 285 and
335 of the Criminal Law of Lagos State, 2011.
Reports show that Section 335 provides a seven-year imprisonment for
offenders. In her ruling, Magistrate Bola Osunsanmi granted the accused bail
in the sum of N100, 000 with two sureties in like sum and adjourned the
case to Nov. 23.

Dat 100k Which Acct E Dey Go, Sey Na Skul Acct Or Court Acct, See Me See Wahala, Omo Dis Na Double Wahala, Dem Don Fraud Dem Plenty... Just Wait And See...

Nawa o

God they o

Life_Drama....