Two officials of Guaranty Trust Bank in Ibadan were on Thursday arraigned before an Ibadan Chief Magistrates’ Court for allegedly stealing N4.9 million.
The two officials-Quadri Azeez and Oluwatayo Tosin-were arraigned for forgery and stealing.
A third accused, Awotunde Oluwafemi, who was said to be the recipient of the stolen sum, was also arraigned for forgery and stealing.
The prosecutor, Insp. Sunday Ogunremi, claimed that Azeez and Tosin forged the bank’s local currency fund transfer instrument with different serial numbers to collect the total sum between July 21, 2011 and Dec. 2, 2011.
Ogunremi said the offences contravened Section 516,467,427and 390(9) of the Criminal Code Cap 38 Vol. II Laws of Oyo State 2000.
The accused, however, pleaded not guilty to the charges.
Chief Magistrate Sofiat Oyediran granted the accused bail in the sum of N1million each with two sureties in like sum.
Oyediran, who said one of the sureties must have a certificate of occupancy while the other must be a civil servant on no lower than Grade Level 07, adjourned the case to Aug. 2.