Police in Lagos have arraigned a ‎42-year-old estate agent, Olusegun Akogun, before a Lagos Chief Magistrates Court sitting at Igbosere, for alleged theft of $120,000, which is equivalent to N28million.
The accused was arraigned before Magistrate Olanike Olagbende‎ on a two-count charge bordering on conspiracy and stealing preferred against him by the police.
The prosecutor, Corporal Cyriacus Osuji told the court that the accused person and others still large conspired to commit the offence on May 25, 2015, at about 1pm, at Banana Island in Ikoyi, Lagos, and that the said money belonged to one Lydia Donnelly.
Osuji further stated that the money, which was collected in cash by the accused person, was meant to purchase a property for the complainant but he diverted it for his own use.
The prosecutor said the offences were contrary to and punishable under sections 409 and 285 (1) of the criminal laws of Lagos state 2011.
The accused pleaded not guilty when the charges were read to him.
However, Magistrate Olagbende admitted the accused to bail in the sum of N2.8million with two sureties in like sum.
The magistrate declared that one of the sureties must be a blood relation, show evidence of tax payment, adding that the sureties must have a landed property in Lagos and their addresses must be verified.
She consequently ordered the remand of the accused in Ikoyi prison pending when he is able to perfect his bail conditions.
She then adjourned the matter to November 20 for mention.

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