Woman Arraigned For Stealing N19.7m From Cryptocurrency Firm

Woman Arraigned For Stealing N19.7m From Cryptocurrency Firm

A woman identified as Felicia Iselobhor has been arraigned at Tinubu Magistrates’ Court for allegedly stealing N19.7 million from a cryptocurrency firm.

The police charged Iselobhor, 51, with conspiracy and theft.

The prosecution counsel, ASP Ben Ekundayo, told the court that the defendant committed the offence on Dec. 2, 2020, in Lagos.

Read Also: FG Lifts Ban On Cryptocurrency

Ekundayo alleged that the defendant, conspired with one other, at large and unlawfully withdrew N19.7millon from her employer’s account.

The offence, he said, contravened the provisions of sections 287 (7) and 411 of the Criminal Law of Lagos State, 2015.

The woman who appeared in court on Friday pleaded not guilty.

Magistrate A.A Paul admitted the defendant to bail in the sum of N1 million with one surety in like sum.

Paul adjourned the case until March 10 for hearing


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Stephen Jesuwale
Jesuwale Stephen is a journalist who finished from the Nigerian Institute of Journalism. He is a distinctive writer, media strategist and also a Digital Marketer