A 26-year old man, David Ebenezer, has been arraigned before an Ondo Magistrate Court for stealing the sum of N1.4m.
Ebenezer was accused of converting the money, belonging to a Cooperative and Micro Finance bank, for his personal use.
He was said to have committed the crime on August 30, 2019, at Rainbow Street, Ondo Town.
Ebenezer was arraigned on two count charges bothering on felony and stealing.
He pleaded not guilty to the charges.
Police prosecutor, Akao Moremi, said the offenses are punishable under sections 516 and 390 of the Criminal Code Cap 37, Volume 1 Laws of Ondo State of Nigeria, 2006.
He informed the court that he would call six witnesses to testify during the trial.
Presiding Magistrate, Damilola Sekoni, granted the accused bail to the sum of N750, 000 and two sureties who own landed properties.
He adjourned the case to September 17, 2020, to definite trial.