The Economic and Financial Crimes Commission, EFCC, Benin Zonal Office on Wednesday November 11, 2020 arraigned Philip Orumade on a nine count charge bordering on stealing before Justice Efe I. Ikponmwonba of the Edo State High Court, Benin City.
Orumade was alleged to have, sometime in November 2019 while working as a banker in charge of Automated Teller Machine, stole a cumulative sum of N18, 903,000 from the machine at Aduwawa branch of First bank of Nigeria.
One of the counts reads: that you Philip Orumade on or about the 2nd day of November 2019 at Aduwawa within the jurisdiction of this Hounourable Court did steal from ATM machines at Aduwawa branch of First Bank Of Nigeria a cumulative sum of Eighteen Million, Nine Hundred and Three Thousand Naira (N18,903,000) property of First Bank of Nigeria Plc, contrary to Section 383 of Bendel State Criminal Code Law (as applicable to Edo State) and punishable under Section 390(7) of the same Law”.
The defendant pleaded not guilty to the charge when it was read to him.
In view of his plea, the prosecution counsel, Ibrahim Mohammed, prayed the court to fix a date for trial. However, the defence counsel, Martha Imafu informed the court of a pending motion for bail. She said the offence was bailabĺe and prayed the court to grant her client bail.
Justice Ikponwonba granted the defendant bail in the sum of N500,000 with one surety in like sum.
The surety should be resident within the jurisdiction of the court.
The case was adjourned until January 27, 2021 for commencement of trial.
Business
Seplat announces retirement of two non-executive directors
Seplat Petroleum Development Company Plc has announced that Senior Independent Non-Executive Director, Mr. Michael Alexander, and Independent Non-Executive Director, Mrs. Ifueko Omoigui Okauru, will retire from the board effective 31 January 2021.
The company said in a statement that Alexander was appointed to the board in June 2013 while Okauru was appointed in March 2013.
“For the past seven years, both directors served the board meritoriously, deploying their multi-facetted experiences towards the growth of the organisation. Seplat remains grateful for their immense contributions to the board and the company,” the company said.
