Project manager accussed of N199m theft

Police have arraigned a project manager, Olayinka Olafimihan, before a Tinubu magistrate’s court in Lagos for allegedly stealing N199 million from a company.
The suspect was accused of forging documents to steal cash, building materials and equipment valued at N199,074,880.15 belonging to Twins Wild Passion.
Olafimihan allegedly committed the offence between September 2014 and July 2016, while working as Project Manager of Twin Wild Passion in Lagos.
Police prosecutor, Goodluck Admoni, said the offence of forgery contravenes Section 361 of the Criminal Law of Lagos State, 2011.
Olafimihan is facing a three-count charge bordering on conspiracy to commit felony, forgery and stealing.
Count three reads: “That you, Olayinka Olafimihan, and others now at large, on the same date and place in the Lagos Magisterial District did steal cash, building materials and equipment valued at N199,074,880.15, property of Twins Wild Passion and thereby committed an offence punishable under Section 285(8) of the Criminal Law of Lagos State, 2011.”
The defendant pleaded not guilty to all the counts.
The magistrate, Mrs Y. Aje-Afunwa, granted him N10 million bail with two sureties. One of the sureties must be a land owner in Lagos, while the other must be a community leader.
The sureties must also present evidence of tax payment.
Mrs Aje-Afunwa adjourned the case till April 5 for trial.