2nd May, 2012
Three traders at Balogun Market, Lagos Island, Lagos State, southwest Nigeria, Samuel Egbo Okey, 28, Paul Onwuzurike, 36 and Mmadu Chinedu, 28, have been arrested by the police at the Zone 2 Command, Onikan, Lagos Island, Lagos, for allegedly receiving 397 cartons of chocolate and Lady Star Weavons valued at N80 million, property of Manchester Trading Company Ltd.
They were charged before an Igbosere magistrate’s court, Lagos, on a four-count charge of felony to wit, receiving stolen property from Mmadu Chinedu and Tochukwu Okika, now at large, knowing same to have been stolen or unlawfully obtained.
The police prosecutor stated in the charge sheet that the accused persons were trailed and arrested following a complaint lodged by the management of Manchester Trading Company Ltd that some people have stolen their products valued at N80 million.
Following the reports, the police moved in and arrested the three accused persons at Balogun Market, Lagos Island, with some of the stolen cartons of the products.
While 23 cartons of weavon were recovered from Samuel Egbo Okey, five cartons were recovered from Paul Onwuzurike and 23 cartons were recovered from Mmadu Chinedu.
They all allegedly confessed that their fleeing accomplice Tochukwu Okika sold the items to them and that they have been receiving such from him.
The offences, the prosecutor, S. Molo, said contravene Sections 409, 326(2), (a) of the Criminal Code, Laws of Lagos State of Nigeria, 2011.
When the charges were read to the accused, they pleaded not guilty and the presiding Magistrate, Mrs. Aigbokhaebo, granted them bail in the sum of N1 million with two sureties in like sum who must be working with a reputable company with proof of tax payment to the Lagos State government.
She adjourned the matter till 15 May.
The defendants were moved to Ikoyi Prison when they could not meet their bail conditions.