The Lagos State High Court in Ikeja has struck out the theft
charges filed by the police against a stockbroker, Adegboyega
Adewale, and one Idris Asunmo.
Justice Josephine Oyefeso struck out the charges against Adewale
and Asunmo following a legal advice by the Lagos State Directorate
of Public Prosecutions.
The DPP, in the advice signed by the Director of Public
Prosecutions, Lagos State, Mr Y. G. Oshoala, said there were not
enough material facts to sustain the charges of conspiracy and
stealing which the police filed against Adewale and Asunmo.
As a result, Justice Oyefeso struck out the charges against
them.
The police had alleged in the charge marked ID/3487C/2016 that
Adewale, in his capacity as the Chief Operational Officer of Morgan
Capital Securities Limited, sometime between September 2006 and May
2007, purchased some shares on behalf Asunmo and Risikat Asunmo to
the tune of N5.8m and N520,000, respectively without enough funds
in their various accounts with the company.
The police said they acted contrary to sections 411, 287(8) and
287(10) of the Criminal Law of Lagos State 2015.
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