The magistrate adjourned the matter until April 23, for hearing.
Counsels to the first defendant, Gboyega Abiola, and the second defendant, Femi Olarewaju, urged the court to grant them bail. They promised that the defendants would not jump bail.
She, however, gave each of the convicts an option to pay N60,000 fine.
Mr Ogunkanmi said the sureties must be people with landed property with certificates of occupancy within the court jurisdictions.
The police command in Lagos has arrested two men in connection with the alleged production of fake drinks in the state.
Ms Obadina said the prosecution counsel proved their case beyond reasonable doubt and therefore, she found the convicts guilty.
“One of the flagged stolen meters was recovered at the point of recharging it by the buyer,” he said in a short statement obtained by Peoples Gazette.
Mr Mustapha said that the defendants conspired with others at large and attempted to vandalise a community electricity transformer and other equipment.
The defendants were caught issuing forged Oyo government tickets and documents to unsuspecting motorists.
Two suspected kidnappers, Mohammed Abubakar, 42, and Clinton Niche, 18, have been arrested while trying to collect ransom money at the Agbara area of Ogun.
