The police in Ibadan on Friday brought one Ogunsanmi Akolade, 42, before an Iyaganku Magistrates’ Court for allegedly receiving a stolen Toyota Camry worth N2.5 million.
Akolade, whose address was not provided, is charged with receiving a stolen property.
The defendant, however, pleaded not guilty to the charge.
The prosecutor, Insp Toyin Ibrahim, told the court that Akolade committed the offence on Jan. 15 at 7. 00 p.m. on the Lagos-Ibadan Expressway.
Ibrahim alleged that the defendant received the Toyota Camry from one Chibuzor Esomonu.
The prosecutor said that the defendant knew that the car was stolen from its owner, Mr Johnson Ojo.
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He said that the offence contravened Section 427 of the Criminal Laws of Oyo State, 2000.
The Magistrate, Mrs Oluwabusayo Osho, granted the defendant bail in the sum of N500, 000 with two sureties in like sum.
Osho adjourned the case until Feb. 15, for hearing. (NAN)
