Employees of an agro company were punished for alleged N25 million fraud

 Two Agro firm employees, Phillip Adenuga and Vincent Akpotor, who are accused of stealing N25 million, appeared before an Ogudu Magistrates' Court in Lagos on Friday. The defendants, Adenuga, 29, of Mowe-Ibafo, Lagos, and Akpotor, 39, of Lusasa, Ogun State, are being tried for three counts that are related to conspiracy, theft, and fraud. To the accusations made against them by the police, the pair entered a not-guilty plea. According to the prosecutor, Inspector Donjour Perezi, the defendants committed the crimes at Plot 11/12, Anibaba St., Ikosi, Ketu, Lagos, before the month of July. He claimed that the accused, who were employees of Mitchell Agro Tech Ltd., had dishonestly stolen N25,000,000 from the business.

The prosecutor claims that the defendants frequently exaggerate the cost and weight of farm supplies before sending them to their suppliers' accounts for payment. He claimed that a recent transaction they completed was so scandalous that the complaint, Mr. Jide Obi, decided to request on behalf of the business that one of their clients give a copy of their transaction, which was utilized to trace the fraud that had been occurring. The defendants colluded with some live chicken merchants to deceive Mitchell Agro Tech Ltd. and swindle the business, according to the prosecutor. He said that the offenses were against Sections 287(7), 325, and 411 of the Lagos State Criminal Law from 2015. They were granted bail in the amount of N1 million apiece, with two sureties in the same amount, by the magistrate, Mrs. M.O. Tanimola. The sureties must have gainful employment, verifiable residential and business locations, and proof of tax payments to the Lagos State government, according to Tanimola. She set the case for mention on October 28.

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