Man docked over alleged N5.2m theft

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Man docked over alleged N5.2m theft

A 36-year-old man, Yetunde Alao, who allegedly stole $5,006 Canadian dollars (about N5.2 million), on Friday appeared before an Ejigbo Magistrates’ Court, Lagos.

The defendant, whose residential address was not provided, is standing trial on a two-count charge of conspiracy and stealing.

The Police Prosecutor, Benedict Aigbokhan, told the court that the defendant and others still at large committed the alleged offences on June 2, at Akeem Balogun Street, Idimu, Lagos.

According to him, the defendant allegedly stole a cash sum of $5,006 Canadian dollars, equivalent of N5.2 million, five Jackets worth N500,000 and an international passport, belonging to one Mr Anthony Alao.

He told the court that the offences contravened Sections 287 and 411 of the Criminal Law of Lagos State, 2015.

The defendant, however, pleaded not guilty to the charge.

The Magistrate, Miss K. A. Ariyo, granted him bail in the sum of N500,000 with two sureties in like sum.

Ariyo ordered that the sureties should show evidence of tax payment to the Lagos State Government as part of the bail conditions.

She, however, adjourned the case until July 2 for mention.