Mutual Benefits Assurance staffer docked for N4.5m fraud


An insurance supervisor with Mutual Benefits Assurance Plc, Emmanuel Peters, has been docked at an Igbosere Magistrates’ Court sitting in Lagos State for the allegedly stealing N4.5 million belonging to customers.

Punch reports that the 30-year-old Peters, who lived on Ojelade Street, Jibowu area of the state, was employed as a supervisor for the company in 2013.

He reportedly collected the amount from some clients between 2014 and 2016 without remitting the money into the company’s account and when the fraud was uncovered, he fled with the money and was later trailed and arrested by detectives from the Zone 2 Police Command, Onikan.

A police source said the suspect was tracked down to his hideout and arrested on December 3, 2016, after being on the run for a while.

Peters was arraigned on one count charge of theft.
The charge reads:
“That you, Emmanuel Peters, between 2014 and April, 2016, in Lagos, in the Lagos Magisterial District, did steal the sum of N4, 500, 000, property of Mutual Benefits Assurance Plc, thereby committing an offence punishable under Section 285 (8) of the Criminal Law of Lagos State, Nigeria, 2011.”

When the charge was read to him, Peters pleaded not guilty to the charge and elected summary trial.

The Magistrate, Mrs. A.O. Komolafe, admitted him to bail in the sum of N1 million with two sureties each in like sum while the case was adjourned till January 31, 2017, for mention.


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