Insurance agent docked for alleged N2.6m fraud

Lagos—An agent of an insurance company (names withheld), David Owoeye, 27, who allegedly forged company’s documents to defraud customers of their money to the tune of N2.6 million, was yesterday arraigned before an Igbosere Magistrate’s Court, Lagos.

 The defendant is standing trial on a two-count charge bordering on forgery and stealing preferred against him by the police. The prosecutor, Inspector Okete Ojiema, told the court that the defendant committed the alleged offences between January 2012 and May 2015, as an agent with the firm located in Victoria Island, Lagos.

He said the defendant forged the receipts and other documents of the company and used it to collect premium, valued at N2. 6 million, from various customers. Ojiema said the defendant stole N2.6 million, which belonged to the insurance firm. According to the prosecutor, the offences committed is punishable under Sections 285 and 363 of the Criminal Laws of Lagos State, 2011.

The defendant, however, pleaded not guilty to the charges levelled against him. The defendant’s counsel, Mr. O. O. Odufua, urged the court to admit the defendant to bail on liberal terms. Magistrate A. Adefulire admitted the defendant N1 million bail, with two respon-sible sureties in like sum.

He said the sureties must be gainfully employed, have proof of tax payment, be account holders and must show statements of their accounts.

He adjourned the matter to July 1 for hearing.