2 men docked for alleged theft, receiving stolen cat excavator worth N15 m
Lagos, April 15, 2019 The Police on Monday arraigned two men, Adetoyese Adenikinju, 42, and Stanley Obinna, 35, before an Ikeja Chief Magistrates’ Court for allegedly stealing cat excavator worth N15 million.
The defendants, who reside in Alagbado area of Lagos, are facing a three-count charge of conspiracy, stealing and receiving stolen property, offences they denied committing.
The prosecutor, Insp. Victor Eruada, told the court that Adenikinju, allegedly stole the cat excavator valued at N15 million, property of Laratex Ultimate Construction Company.
Eruada alleged that Adenikinju committed the crime with one other person still at large, on March 28, at Joke Ayo Road, Suberu Oje Quarters, Alagbado, Lagos State.
“He stole the item where it was parked and sold it to Obinna at the rate of N15 million,” the prosecutor said.
According to him, the offences contravened Sections 287, 328 and 411 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria reports that Section 287 stipulates a three-year jail term for stealing, while Section 411 provides two years imprisonment for conspiracy if convicted.
The Chief Magistrate, Mrs M. I. Dan-Oni, granted the defendants bail in the sum of N500,000 each, with two sureties each in like sum and adjourned the case until April 24.