A 42-year-old school principal, Michael Diekola, was arraigned on Monday before an Ikeja Chief Magistrates’ Court for allegedly defrauding his school with the sum of  N1.2 million.

 The suspect who lives at 8, Alirat Badejo Street, Oke Odo was said to have collected N1.2 million from students who he promised will enroll them for the West African Senior Secondary Certificate Examination, WASSCE.

The name of the private school is Queen Diana College, located at Oke Odo, Abule Egba, a suburb of Lagos state.

 The prosecutor, Insp. Clifford Ogu told the court that the accused committed the offences (fraud and stealing) sometime in July 2014.

“The accused bolted with the money and all efforts to locate him were unsuccessful until he was sighted by one of the teachers and was immediately apprehended.”

“The offences violated Sections 285 (1) and 312 (1) of the Criminal Law of Lagos State, 2011.

The accused pleaded not guilty.

Mrs Taiwo Akanni, the Chief Magistrate, granted him bail in the sum of N500, 000 with two sureties in like sum.The case was adjourned to June 6 for mention.