Femi Adelegan, and his son, Daniel Adelegan, were loan officers at Deva Access and Empowerment International Ltd., located at No. 30, Iju Road, Agege, Lagos.

They have been accused of defrauding the company of N2.4 million.

When the company audited its account, they noticed that the sum of N2.4 million was missing.

The company reported the matter to the Police; the accused were arrested and confessed that they had converted the money to their personal use.

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Police Prosecutor, Insp. Raphael Donny said this on Thursday at an Ikeja Magistrates’ Court where the 61-year-old father is standing trial with his 30-year-old son.

The father, who resides at Mowe Ibafo area of Ogun, and Daniel, who lives at Ori Oke, Magodo, Lagos State, are facing a two-count charge of conspiracy and stealing.

The accused, however, pleaded not guilty to the offences, which contravened Sections 411 and 287 of the Criminal Law of Lagos State, 2015.

The Magistrate, Mrs A. O. Adebayo, admitted each of the accused to N500,000 bail with two sureties each in like sum.

She adjourned the case until May 22, for hearing.

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