The prosecutor alleged that the defendants knew their representation was false as they failed to provide the land but made away with the money.
The magistrate adjourned the case until July 6, for hearing.
Mr Owookade is being tried on charges of conspiracy and theft, to which he pleaded not guilty.
The court adjourned the case until June 1 for hearing.
The offences contravene the provisions of Sections 355 and 516 of the Criminal Law of Oyo State, 2000.
The Magistrate, Olasinmibo Sanusi-Zubair, granted the defendant bail in the sum of N200,000, with two reliable sureties in like sum.
The Magistrate, Oluwabusayo Osho, granted the defendant bail in the sum of N200,000 with two reliable sureties in like sum.
The prosecutor, Sergeant Samuel Owolabi told the court that the defendant committed the offences between 2024 and February 2025, at Monatan area of Ibadan.
Mr Adegbenro said that fight contravened Section 83 of the Criminal Laws of Oyo State, 2000.
David Chiahemba, 26, who allegedly stole an iPhone valued at N190,000, was brought before an Iyaganku Magistrates’ Court in Ibadan on Monday.
