Mr Adaraloye alleged that the defendant unlawfully withdrew N1 million from his employer’s account to play a game of chance.
The magistrate, O.O. Fadairo, ordered that the defendant be remanded in the Ibara Correctional Centre to stop him from absconding.
The magistrate adjourned the case until April 29 for further hearing.
A court has sentenced two men, Shibu Abdullahi, 21, and Yakubu Usman, 25, to one month of imprisonment for stealing two chickens valued at N70,000.
The convicts pleaded not guilty to the three-count charge of obtaining money under false pretence, fraud and stealing.
The defendants, whose addresses were not provided, are facing a two-count charge of stealing and conspiracy.
The prosecutor said the convicts conducted themselves in a manner likely to cause a breach of peace, blocking the road and demanding money from the public.
The police alleged that the defendant stole a compressor, top cylinder, complete shaft, and other spare parts valued at N900,000.
The prosecutor, Inspector E.O.Adaraloye, told the court that the defendants committed the offences at Tosmos Close, Off Ijako Tipper Garage, Ota.
Five men appeared before an Ota Magistrates’ Court in Ogun on Monday for allegedly stealing a truckload of Milo products worth N25 million.