A company worker, Jacob Victor, 21, has been arraigned before an Isolo Magistrate’s Court, Lagos State, southwest Nigeria, for allegedly stealing his employer’s 650 generators valued at N15 million.
He was arrested and arraigned with the buyer, Chigozie Chukwuka, a trader at Aswani Market, Isolo, Lagos.
While Victor was charged with conspiracy and stealing, Chukwuka was docked for receiving and buying stolen goods.
The 21-year old employee of Challarams Plc located at Aswani area, Isolo allegedly stole 650 Jinling generators and sold them at a give away price to Chukwuka.
P.M.NEWS gathered that when policemen found the missing generators at Chukwuka’s shop and when he was questioned on how they got to his shop, he could not offer any satisfactory explanation to them. He was promptly arrested.
During interrogation, Chukwuka confessed to the police that he bought them from Victor.
After both of them were arrested, 200 of the stolen generators were recovered.
They were charged to court for commiting the offences contrary to and punishable under sections 516, 390 and 427 of the Criminal Code Laws of Lagos State of Nigeria, 2003.
They pleaded not guilty and the presiding magistrate, Mrs M.O. Ajayi, granted them bail in the sum of N500,000 each with two sureties in like sum.
They were remanded in Kirikiri Prisons, Lagos when they coukd not meet their bail conditions.
The matter was adjourned till 24 October for mention.