14th December, 2017
Six staff of Apongbon Branch of Addosser Micro Finance Bank, on Lagos Island have been arraigned before a Lagos Magistrate Court for allegedly betraying their employer to form and registered a parallel Micro Finance Bank called Credit Craft Limited and diverting their employer’s customers to their bank while still working with their employer.
The accused persons are Johnson Enike, 40; Adebanwo Sunday, 27; Marvis Ikpefan, 38; Nuria Maduka,41; Abraham Afolayan, 30 and Bigila George, 38.
The accused persons were arrested by the Police at the Lion Building Division, Lagos Island, Lagos.
The accused persons were arraigned before an Igbosere Magistrate Court, Lagos on a one count charge of felony to wit, forming a parallel Finance Company while still in the employment of Addosser Micro Finance Bank.
Police Counsel, Abbass Abayomi informed the Court in charge No A/78/2017 that the accused persons committed the alleged crime between 3 August and 13 September,2017 at Addosser Micro Finance Bank, Apongbon Branch.
Abayomi told the Court that the accused persons betrayed their employer and formed and registered a parallel Micro Finance Bank called Credit Craft Limited and diverting their employer’s customers to their new company and in the process depleting the income of Addosser Micro Finance Bank while still working with them and earning salaries.
He said that the secret became open when some of the customers of Addosser Micro Finance Bank tipped off the management of the bank that the accused persons were diverting them to another Finance Company to open account.
Abayomi said that the intention of the accused persons was to injure the management of Addosser Micro Finance in their trade before they were arrested.
He said that the offence, the accused persons committed was punishable under sections 413(4) of the Criminal Laws of Lagos State, 2015.
The accused persons, however, pleaded not guilty to the alleged crime in the open Court and Chief Magistrate, A.O Komolafe granted them bail in the sum of N100,000 each with two sureties each in like sum who must have proof of tax payment to the Lagos State Government.
Komolafe ordered that all the defendants be remanded at the Ikoyi and Kirikiri Prisons till they fulfilled the bail conditions and adjourned the case till 7 February, 2018 for mention.