The police, on Friday, arraigned Oladimeji Timothy, 20, and Shola Emmanuel, 23 before an Ile-Ife Magistrates’ Court in Osun for alleged fraud.
The prosecutor, Insp Sunday Osanyintuyi, told the court that the defendants committed the offence sometimes in August, 2018 and June, 2019 around 12 p.m. at Oduduwa University, Ile-Ife.
Osanyintuyi said that the defendants conspired among themselves to commit felony to wit: stealing.
He added that the defendants converted the sum of N720,000 that they ought to have delivered as transport money on the Boxer Motorcycles marked FFE 703 QF and FFE 704 QF, to Terry Onwuka to their own use.
Osanyituyi said the defendants fraudulently failed to remit the said amount realised from the use of the motorcycles to Terry Onwuka.
The prosecutor stated that the offence contravened Sections 383, 390, 421 and 515 of the Criminal Code, Laws of Osun, 2002.
The defendants, however, pleaded not guilty to the three-count charge of conspiracy, fraud and stealing.
The defence counsel, Mr Dele Awominure, pleaded for the bail of his defendants in most liberal term, and pledged that his clients would not jump bail, but would produce reliable sureties.
Magistrate Bose Idowu, granted the bail of the defendants in the sum of N400,000 with two sureties in like sum.
She added that the defendants must swear to an affidavit of means.
The case was adjourned until July 24 for hearing.