A 46- year - old Polytechnic lecturer, Mr Popoola Waheed , was on Wednesday arraigned before an Iwo - Road Chief Magistrates’ Court , Ibadan , for alleged forgery and theft of the institution ’ s money .
The police charged the accused on a three- count of conspiracy , theft , and forgery .
The prosecutor , Sunday Ogunremi , told the court that the accused and others now at large sometimes between the month of August 2016 to January 2017 at the Oke - Ogun Polytechnic Saki, in Saki magisterial district did conspire to steal.
Ogunremi said that the accused and others now at large, stole N 1 , 925 , 233 , 67 belonging to the institution .
He also said that the defendant and others now at large did forge the signature of one Mrs . Dolapo Omolola Adeniji in the same institution to withdraw salary.
The prosecutor said the offences committed were punishable under section 516 , 390 (9 ) (6 ) and 467 of the Criminal Code , Cap 38 vol . II Laws of Oyo State, Nigeria 2000 .
The accused pleaded not guilty to the charges .
In his ruling , the Chief Magistrate , Mr. Taiwo Oladiran, granted the accused bail in the sum of N 500 , 000 with two sureties in like sum .
The Magistrate held that the sureties must be gainfully employed and must be resident within the Ibadan magistrate district and they must worth N 500 , 000 each .
Adisa , however, adjourned the case till July 7 , 2019 , for hearing .
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