An Iyaganku Chief Magistrates’ Court, Ibadan, on Tuesday ordered the remand of a 42-year-old sales representative, James Okeke, over alleged conversion and stealing of N7.6 million belonging to his employer.
Okeke was remanded at the Agodi Correctional Facility, Ibadan, after he pleaded guilty to a two-count charge bordering on conversion and stealing.
The Chief Magistrate, Mr. M. Mudashiru, ordered that the defendant remain in custody until August 17, when the court is expected to take the facts of the case.
The prosecutor, ASP Tunji Olaniyi, told the court that Okeke allegedly committed the offences between 2025 and June 2026 at Nourdm Company, Oluyole Industrial Estate, Ibadan.
Olaniyi alleged that the defendant fraudulently converted N7.6 million realised from the sale of Majik detergent belonging to the company for his personal use.
According to the prosecutor, the detergent was meant to be supplied to customers, but the defendant allegedly diverted the proceeds from its sale.
He said the money belonged to Nourdm Company, Oluyole Estate, Ibadan, represented in court by one Benedict Odijie.
The prosecutor said the offences contravened the provisions of Sections 390 (9) and 419 of the Criminal Code Laws of Oyo State, 2000.
The court subsequently ordered the defendant’s remand and adjourned the matter until August 17 for reading of facts.
