Police arrests man over alleged conversion of funds in Ekiti

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Joshua Edet, 22, was charged before an Ekiti State Chief Magistrate’s Court on Tuesday for suspected financial conversion.

The defendant committed the crime between July 12 and September 7 at LAZORA Bar, adjacent Fayose Market in Ado-Ekiti, according to police prosecutor Inspector Olubu Apata.

“The defendant, a sales boy, fraudulently converted the sum of N250,400 belonging to his boss, one Babafemi Damola, to his own,” the prosecutor stated. The offense violated Section 295 and is penalized by Section 302 of the Ekiti State Laws of 2021.”

Apata, on the other hand, asked the court to defer the case so that he could review the file and gather his witnesses.


Mrs Korede Onipede, his counsel, sought the court to give her client bail on the condition that he not skip bail.

The defendant was granted bail in the sum of N100,000 with one surety in the same sum by the Chief Magistrate, Mrs Kehinde Awosika, and the case was adjourned till October 26 for hearing.

Yetunde Hanapy, 39, was also arrested and charged with dereliction of duty in an Ado Ekiti Magistrates’ Court.

Inspector Sodiq Adeniyi, the police prosecutor, told the court that the defendant committed the crime at Omuo, Ekiti, between July 2021 and July 2023.

Adeniyi claimed that the defendant failed to perform her duties as an auditor for the Staff of the Self Reliance Economic Advancement Programme Micro Finance Bank, resulting in significant fraud and financial harm to the organization.

The prosecutor, who claimed that the offense violated Section 262 of the Criminal Laws of Ekiti State, 2021, begged the court to delay so that he could read the case file and gather witnesses.

Mr Christian Ekere, the defendant’s counsel, urged the court to grant bail on the condition that she not skip bail.

Dolapo Babalogbon, the Magistrate, granted the defendant bail in the sum of N50,000 with one surety in the same sum and adjourned the matter till October 11 for hearing.

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