The lead prosecutor told the judge that Alase, a primary six certificate holder, started work at First Bank as a guard before he was promoted to the position of a cash assistant. Alase was also accused of having property worth hundreds of millions of naira.
According to Punch, the prosecutor also said the former bank guard has a duplex at Oluyole Estate in Ibadan, a shopping complex, a warehouse at Podo, a fenced plot at Dugbe, a block of four flats at Apeye, two plots of land and five-bedroom flat in other parts of the state capital.
Other accused persons, including Olaniran Adeola, Ayodele Adeyemi, Isiaq Akano and others were also said to own properties in South Africa, filling stations, cement shops, schools, supermarkets, exotic cars and buildings in several locations in Nigeria.
One of the accused, Mrs. Afolabi Olunike, was alleged to be the owner of a duplex, several plots of land, a storey building and another three acres of land.
They all pleaded not guilty. The case was adjourned to June 8 for hearing of the bail application.