A 31-year-old year man, Kehinde Lateef, who served his one year internship with Sterling Bank Plc on Lagos Island, has been arraigned before a Tinubu Magistrates Court for fraudulently withdrawing N53.6 million from the accounts of two customers.

It was learned that the suspect conspired with three others, currently at large, to hack into the bank’s system a few days after he completed his one year service with the bank and withdrew N49.1 million from one account and N4.5 million from another.

Vanguard gathered that Lateef was arrested after the management of the bank reported the case to the police at Lion Building Division.

Following the report, a manhunt for the suspects began. A year later, detectives tracked down Kehinde Lateef at his residence on Ishawo Road, Ikorodu, Lagos.

He was arrested, while others escaped.

After investigation, Lateef was arraigned before a Tinubu Magistrates’ Court, Lagos, on a three-count charge of felony, to wit stealing.

The police prosecutor, ASP Chidi Okoye, said the offence was punishable under Sections 409 and 285 (1) of the Criminal Laws of Lagos State, 2011.

The accused, however, pleaded not guilty to the alleged crime and Chief Magistrate A. O. Awogboro, admitted the accused to a N2 million bail, with two sureties in like sum.

Awogboro adjourned the case to May 6 for mention, while the defendant was taken to Ikoyi Prisons, pending fulfilment of bail conditions.