How A Property Manager Entrusted To Collect And Remit Rent From Tenants Allegedly Diverting N1.8m In Lagos

On Wednesday, a property manager named Modupe Abiola was brought before a Sabo-Yaba Chief Magistrates’ Court in Lagos, facing charges of fraudulent diversion of N1.8 million.

Abiola, 30, who resides at No. 13, Anjorin St, Mosafejio Amukoko, Lagos, is facing a two-count charge of conversion of funds and stealing.

The prosecutor, Insp Magaji Haruna, had earlier informed the court that Abiola committed the offences on Nov. 12, at Old Yaba Road, Lagos.

Haruna alleged that Abiola was entrusted to collect and remit rent from tenants into the company’s account but converted the sum of N1.8 million to his personal use.

He explained that the fraudulent act was discovered when a tenant called the defendant’s employer, Mr Rahman Jimoh, about the payment made to the defendant.

The offences, Haruna said, contravened Sections 287 and 337 of the Criminal Laws of Lagos State, 2015.

DAILY POST reports that Section 287 prescribes three years imprisonment for stealing.

The Chief Magistrate, Mrs O. Y. Adefope, granted the defendant bail in the sum of N1 million with two sureties in like sum and then adjourned the matter until Jan. 19 for mention.