A man, Kazeem Akogun, 33, on Thursday, appeared before an Ikeja Magistrates’ Court for allegedly stealing parts of a Caterpillar machine valued at N170 million.
Akogun, who is being prosecuted by the police, pleaded not guilty to the two counts of conspiracy and stealing preferred against him.
The Prosecutor, Supol Josephine Ikhayere, told the court that Akogun and others still at large allegedly committed the offences on August 19.
Ikhayere accused the defendant of stealing some parts of a Caterpillar machine valued at N170 million, property of Laralek Construction Company.
The offences, according to the charge, contravened Section 412 and Section 280 and were punishable under Section 287 of the Criminal Law of Lagos State, 2015.
The Magistrate, Mr Lateef Owolabi, granted the defendant N1 million bail and with two sureties in like sum.
The case was adjourned until Sept. 30, for further proceedings. (NAN)