Man arraigned over alleged theft of excavator worth N25 million
A 33-year-old man, Alaba Oladepo, was on Tuesday, arraigned before an Iyaganku Chief Magistrates’ Court, Ibadan, Oyo State, over alleged stealing of a caterpillar excavator valued N25 million.
Oladepo, whose address was not given, is being charged with conspiracy and stealing, to which he pleaded not guilty.
The Prosecutor, Inspector Sikiru Opaleye, told the court that the defendant committed the offence in Nov. 2024, at the Moniya area of Ibadan.
Mr Opaleye said that Oladepo stole a D8 caterpillar excavator valued N25 million, belonging to Olumide Bamidele.
The prosecutor said that the offence contravened Section 383 and 390(9) of the Criminal Code Laws of Oyo State, 2000.
The Chief Magistrate, Olabisi Ogunkanmi, admitted the defendant to bail in the sum of N10 million, with two sureties in like sum.
Ms Ogunkanmi said that one of the sureties must be a landed property owner, and that the other must be a blood relation of the defendant.
She adjourned the matter until September 2 for hearing.
(NAN)
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