Ikeja – Four men, who allegedly stole petroleum products valued at N92million, property of NASCON Allied Industries, were on Tuesday in Lagos granted N8.6 million bail each.
The accused – Sagir Mohammed, 45; Folashade Opasanya, 42; Ayanniyi Saidi, 43; and Babangida Suleiman, 47- are facing a two-count charge of conspiracy and stealing
The Chief Magistrate, Mrs Yewande Aje-Afunwa of Ikeja Chief Magistrates’ Court in her ruling said that the accused should provide two sureties each as part of the bail conditions.
Aje-Afunwa said that one of the sureties should be a blood relation of the accused and should be gainfully employed.
She said that in addition, the sureties should show evidence of tax payments to the Lagos State Government.
The accused, however, pleaded not guilty to the charge.
Earlier, the Police Prosecutor, Peter Nwangwu told the court that the accused committed the offences between January 2017 and April 2018 at NASCON Allied Industries PLC, located at Ikosi, Ketu, Lagos.
He alleged that the accused conspired with others still at large, to steal the products.
According to Nwangwu, the accused were later apprehended by the police after investigation.
The offences contravened Sections 287 and 411 of the Criminal Law of Lagos State 2015 (Revised).
The magistrate fixed Aug. 8 for trial. (NAN)