Man Docked Over N.23m Theft

The police in Lagos, southwest Nigeria, have arraigned a man Farouq Alebiosu, 30, before the Igbosere Magistrate court on a two-count charge of stealing.

The police alleged that the accused was arrested following a complaint from Adijat Oluwole that Alebiosu who claimed to be a daily contribution agent operating with the name FAEN Savings and Loans has refused to pay her the N236,000 she contributed into his company.

The incident was said to have occurred in May, 2011 at 42, Palm Street, Lagos Island, Lagos.

Following the report, the accused was arrested and after investigation, he was charged before the Igbosere magistrate’s court for stealing, offence which, according to the prosecutor, ASP N. Sule, is punishable under section 419 and 390 (9) of the criminal code cap 17 Vol. 11 laws of Lagos State of Nigeria, 2004.

The accused pleaded not guilty to the charges and the presiding magistrate, Mrs. O.A Ogunbowale, granted him bail in the sum of N20,000 with two sureties, who must provide evidence of tax payment to the Lagos State government between 2010 and 2011.

She adjourned the matter till 9 August 2011.

The accused was, however, ordered remanded at the Ikoyi prison when he could not meet the conditions attached to the bail.

— Paul Iyoghojie