Two men who allegedly set fire to a store that destroyed clothing materials worthÂ N2.1 million were on Monday granted bail in the sum of N350,000 with three suretiesÂ each.
The duo, Stanley Nwachukwu, 27, and Daniel Moweta, 26, were arraigned on a two-countÂ charge before Mrs. O.O. Oshin of the Apapa Chief Magistrateâ€™s Court, Lagos.
The Prosecutor, Cpl. John Iberedem, told the court that the accused, with others atÂ large, on Nov. 1 conspired to set ablaze the store located in Awodiora Market,Â Ajegunle.
He said that the duo wilfully and unlawfully set fire to the store, the property ofÂ one Mrs. Caroline Osuji, which contained clothing materials.
“The accused persons burnt various lace, damask, silk and linen materials with theÂ market value of N2.1 million,â€™â€™ he said.
The prosecutor said the offence was contrary to and punishable under Sections 443Â (A) and 516 of the Criminal Code, Cap. C17, Vol. 2, Laws of Lagos 2003.
The accused, however, pleaded not guilty to the two-count charge of felony andÂ arson.
In granting the accused bail, Chief Magistrate Oshin, said the two sureties must beÂ civil servants on GL 12 and above.
She adjourned further hearing in the case till 6 December.