Man, 35, in court for alleged N500,000 theft

A 35-year-old man, Babatunde Adeniyi, on Friday appeared before an Iyaganku Magistrates’ Court, Ibadan, for allegedly stealing N500,000.

Adeniyi, whose address was not provided, is facing a one-count change of stealing, to which he pleaded not guilty.

The Prosecutor, Insp Samuel Owolabi, told the court that the defendant committed the offence on Aug.17 at 2.30 p.m. at Adetokun area of Ibadan.

Owolabi alleged that the defendant fraudulently gained access into the bank account of of the complainant, Ms Gbemisola Atolagbe, and withdrew her N500,000.

He said that withdrawal was traced to the defendant and he was arrested.

Owolabi said the offence contravened Sections 383 and 390(9) of the Criminal Law of Oyo State, 2000.

The Magistrate, Mrs Gladys Olanrewaju, granted the defendant bail in the sum of N200,000 with two sureties in like sum and adjourned the case until Dec. 1 for mention.