A 75-year-old importer, Dauda Mutairu Yusuf, was on Friday arraigned before an Apapa Magistrates’ Court for allegedly stealing assorted aluminium cable wires valued at N11,315,000.
Yusuf is facing a four-count charge bordering on conspiracy, stealing and fraud.
The prosecutor, Inspector Feddy Asu, told the court that the defendant committed the offences on April 5, 2013 at about 10am at Block 15, No 9 Alaba International Market, Ojo, Lagos.
“The defendant conspired together with others to steal assorted aluminium cable wires valued at N11,315,000 property of one A.N Nnamani Enterprises Company Limited,” Asu said.
The prosecutor also said that the defendant had the intention to defraud by obtaining N11,315,000 from the complainant, under the pretence that he was going to supply them which he knew to be false.
Asu added that the defendant issued a Wema Bank cheque leaflets number 00730289 dated August 2013 and 03161164 dated April 2014 respectively in favour of one A.N Nnamani Enterprises Company Limited with the sum of N6,165,000. When it was presented for payment, it was dishonoured on the ground that no funds or insufficient funds were standing to the credit of the drawer of the cheque in the bank on which the cheque was drawn.
According to him, the offences are punishable under sections 411, 287 (5)(a), 314 (1)(a) and 321 (b) of the Criminal Laws of Lagos State2015.
The defendant pleaded not guilty to the charges against him.
Magistrate, M.O Olubi granted the defendant bail in the sum of N200,000 with two sureties in like sum.
The sureties, according to the Magistrate, must furnish the court with proof of tax payment to the Lagos State Government.
He adjourned the case till January 23, 2019 for mention.