Lagos man, 33, arraigned over alleged theft of N170 million caterpillar parts
A man, Kazeem Akogun, 33, on Thursday, appeared before an Ikeja Magistrates’ Court for allegedly stealing parts of a caterpillar machine valued at N170 million.
Mr Akogun, who is being prosecuted by the police, pleaded not guilty to the two counts of conspiracy and stealing preferred against him
The Prosecutor, Supol Josephine Ikhayere, told the court that Mr Akogun and others still at large allegedly committed the offences on August 19 at about 5:10 a.m. at No. 10, Lagos-Abeokuta Expressway, Ile-Epo, Lagos.
Ms Ikhayere accused the defendant of stealing some parts of a caterpillar machine valued at N170 million, property of Laralek Construction Company.
The offences, according to the charge, contravened Section 412 and Section 280 and punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The Magistrate, Lateef Owolabi, granted the defendant N1 million bail and with two sureties in like sum.
The case was adjourned until September 30 for further proceedings.
(NAN)
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