Businessmen In Court Over Alleged N2.3m Car Theft


Two businessmen, Olaitan Olayiwola and John Chinwuba, were on Tuesday docked before an Apapa Chief Magistrates’ Court, Lagos, for allegedly stealing an unregistered Camry 98/99 saloon car, valued at N2.3 million.

Olayiwola, 36 and Chinwuba, 37, of Jakande Estate, Amuwo Odofin, Lagos, however, pleaded not guilty to the two-count charge of stealing and conspiracy preferred against them.

The prosecutor, Cpl John Iberedem, told the court that the duo had on March 5, at Jakande Estate, Amuwo Odofin, Lagos, stolen the car.

Iberedem said that the two men and other accomplices, still at large, stole the car belonging to Mr. Tunde Dada at his residence where the car was parked.

He said that the offence contravened Sections 278 (1&2A) and 409 of the Criminal Code Laws of Lagos State.

The Chief Magistrate, Mr E. A. Ogundare, granted the defendants bail in the sum of N250,000 with two sureties in like sum.

He said the sureties should show evidence of means of livelihood and also tax payment in Lagos State.

He adjourned the case until April 13 for further hearing.