Two men, who allegedly stole a 40-foot container with 400 bags of cocoa seeds valued at N58 million, on Monday, were arraigned before an Ikeja Chief Magistrates’ Court.
The defendants are Sesan Babatunde, 51, who resides at Success Avenue, Iju Ishaga in Lagos State and Olakunle Akinyemi, 49, a resident of Akure, Ondo State.
The two men pleaded not guilty to charges of conspiracy, stealing and receiving stolen goods.
The P0rosecutor, ASP Raji Akeem told the court that the defendants allegedly committed the offences on Jan. 21, at Mile 2 area in Lagos State.
Akeem said that a 40- foot container loaded with 400 bags of cocoa seeds left Gbemtan Investment Limited and was being conveyed to one of the company’s customers in Kirikiri area of Lagos State.
The prosecutor said that the driver of the company, who had earlier been arraigned before the court, colluded with the two defendants to divert the goods to another place.
The prosecutor said that the container was valued N8million while the 400 bags of cooca seeds were estimated to be N50 million, totaling N58million.
According to the prosecutor, the offences contravened Sections 287, 328 and 411 of the Criminal Law of Lagos State.
The Chief Magistrate, Mrs Bola Osunsanmi granted the defendants N2 million bail each with two sureties each in like sum.
Osunsanmi adjourned the case until July 17 for mention. (NAN)
