Man charged for stealing N3.4m petroleum product

Lagos — A man, Kunle Oyediran, was, Tuesday, arraigned before a Lagos Magistrate Court, sitting in Ikeja, for allegedly receiving stolen petroleum motor spirit, PMS, worth N3.4million, belonging to one Okonkwo Amenike. Oyediran, 35, is facing a count charge of stealing preferred on him by the police. The prosecutor, Assistant Superintendent of Police, Barth Nwaokoye, told the court that the crime took place at Agege area of Lagos on November 23, 2012, at about 1.30p.m. He said that Oyediran unlawfully received 33,000 liters of petroleum motor spirit valued at N3,399,000, property of one Okonkwo Amenike. He said the defendant knew the product was stolen but he still received it. The prosecutor said the offence committed was punishable under section 326 (2) criminal law of Lagos state of Nigeria 2011. The defendant pleaded not guilty to the count charge when it was read to him. Magistrate Demi Ajayi granted him bail in the sum of N1million with two sureties in like sum and adjourned the matter to May, 20,2013.