Man Arraigned For Theft

A 39-year-old busi
nessman, Gbenga Olaborede, has been arraigned before an Ikeja Magistrate’s Court in Lagos for allegedly stealing agro chemical products worth N1.4 million.
The defendant was arraigned at the court presided by magistrate, Mrs. Magaret Dan-Oni.
Police prosecutor, Inspector Chinalo Uwadione alleged that the defendant obtained agro products worth N1.4 million under false pretence.
The accused who resides at No. 6 Thomas Salako St. Ogba Lagos, is facing a three-count charge of fraud, stealing and issuing dud cheque.
The prosecutor, Inspector Chinalo Uwadione, told the court that Olaborede, obtained ultomax plus fungicide worth N1.4 million from Harvest Field Industry limited. Uwadione said that the accused, “knowing that his representation was false, fraudulently and dishonestly obtained the chemical under the pretext of paying after sales.”
However, he did not pay the money as promised. “the prosecutor alleged that the defendant issued a Zenith Bank cheque of N1 million to the company as part of the payment on July 8 and 28, 2013.
He said that the cheques were dishonoured at the bank due to insufficient funds in the account. Uwadione said that the offences were committed between July and August 2013, at N0.1 Isheri Road, Iheri Lagos.
The prosecutor said the offences contravene section 285,312 (1) (B), of the criminal law of Lagos State 2011.
The accused, however, pleaded not guilty when the charges were read to him.
Section 312 of the criminal law prescribes fifteen years imprisonment for offenders.
The magistrate, Mr. Magaret Dan-Oni, granted the accused bail in the sum of N500,000 with two sureties in like sum. The case was adjourned till October 14, 2014 for mention.