Robbers Burgle House & Cart Away Jewelries Worth N50m 

Posted on March 15, 2026
MICHAEL AKINOLA 
Some suspected armed robbers have invaded a house in Lagos State and carted away jewelries worth over N50m belonging to a woman, Halimat Babalola. 
P.M.EXPRESS reports that the incident happened on 5th December, 2025, at Koko Close, Osborne Esate, Ikoyi, Lagos.
One of the suspected armed robbers,  Alfred Krespen, 25, was later arrested following a report to the Commissioner of Police Tactical Squad. The Police operatives moved into action and eventually arrested the suspect while others are said to be at large.
The suspect, Alfred Krespen, has been charged before the Ogba Magistrate Court for conspiracy, armed robbery and burglary under the Criminal Law of the State.
The charges read:
“That you, Alfred Krespen ‘m’ and others at large, on the 5th day of December, 2025, about 0300hrs at Koko Close, Osborne Esate, Ikoyi, Lagos, in the Lagos Magisterial District, did conspire amongst yourselves to commit felony to wit: armed robbery and thereby committed an offence contrary to and punishable under Section 299 of the Criminal Law of Lagos State, 2015.”
COUNT II:”That you, Alfred Krespen ‘m’ and others at large, on the same date, time and place, in the aforesaid Magisterial District, whilst armed yourselves with one cutter and other dangerous weapons did rob gold jewelries valued N50,000,000.00, three Samsung phones valued Eight hundred thousand Naira(N800,000.00), cash sum of Forty thousand Naira (N40,000.00) and 80 Euros total valued Fifty million, eight hundred and forty thousand Naira N50,840,000.00) property of one Halimat Babalola ‘f’ and thereby committed an offence contrary to Section 296 and punishable under Section 297(1)(2)(a)(b) cf the Criminal Law of Lagos State, 2015.”
However, the Court did not take his plea following a motion moved by the prosecutor,  Supol Philip Ademigbuji, asking the Court to refer the matter to the DPP for legal advice.
The Presiding Magistrate, Mrs. O. Kusanu, ordered his remand in custody at the correctional center at Kirikiri town, Lagos, pending the outcome of the DPP’s advice and directed the prosecutor to duplicate the file and send it to the DPP for legal advice.
The matter was adjourned for mention for the report of DPP’s advice to be available, which will determine if the matter will be transferred to the High Court or not over jurisdiction.

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