TWO men, Adetoyese Adenikinju, 42, and Stanley Obinna, 35, yesterday appeared at an Ikeja Chief Magistrates’ Court for allegedly stealing and buying an excavator worth N15 million.
The defendants pleaded not guilty.
Prosecuting Inspector Victor Eruada alleged that Adenikinju stole the excavator valued at N15 million, property of Laratex Ultimate Construction Company.
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He alleged that Adenikinju committed the crime with one other person at large, on March 28, at Joke Ayo Road, Suberu Oje Quarters, Alagbado, Lagos.
“He stole the item where it was parked and sold it to Obinna at N15 million,” the prosecutor said.
Chief Magistrate M. I. Dan-Oni granted the defendants N500,000 bail, with two sureties each in the like sum and adjourned till April 24.
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