Five men were, on Thursday, arraigned before an Iyaganku Magistrates’ Court, Ibadan, for allegedly stealing 200 bags of Dangote cement, valued at N2 million.
The defendants are Sunday Asagunla, 19; Azeez Yisau, 19; Ayomide Oladejo, 18; Wasiu Kabiru, 25 and Raheem Yakubu, 42.
They are being charged with conspiracy, stealing and receiving stolen property.
The Prosecutor, Philip Amusan, told the court that the defendants committed the offences at about 11.30 p.m. on February 21 at Oke-Ado area of Ibadan.
Amusan stated that Asagunla, Azeez, Oladejo and Kabiru stole the 200 bags of cement belonging to the complainant, Tunrayo Adeogun.
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He further stated that Raheem received the bags of cement from them, knowing that they were stolen.
The prosecutor said that the offences contravened Sections 516, 390(9) and 427 of the Criminal Laws of Oyo State, 2000.
The defendants, however, pleaded not guilty to the charges preferred against them.
The Magistrate, Olaolu Olanipekun, granted the defendants bail in the sum of N200,000 each, with two sureties each in like sum.
He, thereafter, adjourned the case till March 20 for hearing.