A 54- year-old man, Olusegun Akinrinlola, on Tuesday appeared in  an Ikeja Chief Magistrates’ Court for allegedly stealing N690,000 from his company.

The police charged Akinrinlola, a consultant who resides at 6, Sola Soteri St., Baruwa, Ipaja, Lagos with conspiracy, forgery and theft.

The prosecution counsel, ASP Clifford Ogu, told the court that Akinrinlola committed the offence  between October and November 2018 at Alausa, Ikeja.

Ogu alleged that the defendant’s company, Step Development Limited was supposed to pay N10,000 into the Lagos Internal Revenue Service (LIRS) account.

Ogu alleged that the defendant forged the LIRS demand notice and wrote N690,000 on it and presented it to his company.

The prosecutor also alleged that the money was given to the defendant to pay into the LIRS account but instead, he converted N690,000 to his personal use.

Ogu also alleged that LIRS discovered that the defendant’s company was yet to pay the N10,000 during auditing.

The prosecutor also alleged that the defendant ‘s  deal was discovered when the LIRS contacted his company and asked for their N10,000.

The offence, he said, contravened the provisions of sections 287, 365 and 411 of the Criminal Law of Lagos State,2015.

The defendant pleaded not guilty to the charges.

Chief Magistrate J.A. Adegun admitted the defendant to bail in the sum of N200,000 with two sureties in like sum.

Adegun adjourned the case until March 27 for mention.

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