Businessman allegedly absconds with product worth N7.2m

Five people, including the Assistant Chief Registrar of Igbosere Magistrates’ Court, have appeared in an Ebute Meta Chief Magistrates’ Court, Lagos, charged with arson and wilful damage.

The accused – Ridwan Yussuf, 29; Godwin Obadiah, 20; Yemi Olaluwoye, 60; Lateef Balogun, 40; and the Assistant Chief Registrar, Salman Adeoye, 55, – are facing a three-count charge of conspiracy, negligence and arson.
The accused, however, entered a `not guilty’ plea. But Prosecutor Chinalu Uwadione insisted that the accused committed the offences on March 11 at about 3.30 p.m. on Tapa Street, Lagos Island.
“The accused wilfully and unlawfully set fire to a storage facility and exhibits building on Tapa Street, Lagos Island.’’
Inspector Uwadione said the accused failed to take necessary precautions by informing the Fire Service Department to put out the fire at the Lagos State Judiciary storage facility where crucial exhibits were kept. The offences contravened Sections 249 (g) (h), 339, and 409 of the Criminal Law of Lagos State, 2011.
Ruling on the bail application of the accused, the Chief Magistrate, Mrs Oluyemisi Adelaja, admitted them to a bail of N500, 000 each with two sureties each in like sum and said the addresses and means of livelihood of the sureties should be verified by the prosecutor.
The case was adjourned to May 18 for mention.
Meanwhile, a 32-year-old businessman, Sunday Akingboye, who allegedly absconded with pharmaceutical products worth N7.2 million he collected from Geneith Pharm, was on Thursday arraigned in a Yaba Chief Magistrates’ Court, Lagos.
The accused, who resides in Oshodi area of Lagos, is facing a two-count charge of obtaining by false pretences and stealing.
The Prosecutor, Asp. Roman Unuigbe, told the court that the accused committed the offences between 2013 and 2016 at No 12, Adewale Cresent, Ewenla St., Oshodi, Lagos.
Unuigbe alleged that the accused in 2013 collected the pharmaceutical products and promised he would return N7.2million cash to Geneith Pharm Ltd within a few days. He later became evasive but was apprehended recently with the aid of his friends and co-tenants.
Unuigbe said the offences contravened Sections 285 (7) and 312 of the Criminal Law of Lagos State, 2011. Section 312 prescribes a seven- year jail term for offenders.
The defendant denied committing the offences, while the Chief Magistrate, Mr P.A Ojo, granted him bail in the sum of N500, 000, with two sureties in like sum. The case was adjourned till May 20 for trial. NAN