According to the prosecutor, ASP Rita Momah, the defendant committed the offences between January 2017 and December 2022 in Ikorodu, Lagos State. She explained that Mikhail obtained N450 million from Mr Olusola lkuyajesin and N500 million from Mr Durodola Balogun under false pretences of using the money to purchase stationeries.
Momah further submitted that the defendant forged the organisation's Local Purchase Orders (LPOs) to carry out the acts contravention of Sections 287, 314, and 365 of the Criminal Law of Lagos State.
Despite pleading not guilty, the Chief Magistrate, Mrs Adeola Olatubosun, granted the defendant bail of N10 million with two sureties in like sum.
Olatubosun ordered the defendant to deposit his international passport with the court and directed that one of the sureties must have a landed property within the court's jurisdiction. The case was adjourned until April 5 for the substantive hearing.