Man, 62, Arraigned In Lagos Over Alleged 54m Property Theft & Damage 

According to the charge sheet, the incident was said to have occurred on the 5th day of July, 2026, at about 7:15am at Olowo Kene Street, opposite Christ Caleb College, Oke Afa, Ejigbo, Lagos State, within the Lagos Magisterial District.

The prosecution alleged four counts in the document. The first count was conspiracy to commit felony, to wit malicious damage and stealing. The offence was said to be punishable under Section 411 of the Criminal Law of Lagos State of Nigeria 2015.

The second count alleged breach of peace. The charge stated that the defendant conducted himself in a manner likely to cause nuisance in the compound. This was referenced under Section 168(d) of the Criminal Law of Lagos State of Nigeria 2015.

In the third count, the prosecution alleged malicious damage to property. It stated that all house properties valued at N54,000,000 belonging to one Mrs. Bakare Oluwatoyin Abosede were damaged. The alleged offence is said to fall under Section 339(2) of the Criminal Law of Lagos State of Nigeria 2015.

The fourth count was stealing. The charge sheet alleged that all properties in Mrs. Bakare Oluwatoyin Abosede’s apartment, with a total value of Fifty Four Million Naira, were stolen. This is said to be punishable under Section 287 of the Criminal Law of Lagos State of Nigeria 2015.

The Investigating Police Officer listed on the document was Inspector Lesley Ogedengbe of Ejigbo Police Station while CSP Omisore Abiodun was also named in connection with the case file as the Divisional Police Officer.

However, the defendant pleaded not guilty.

The prosecutor, ASP Simeon Njue, then asked the Court to give a date for hearing since he pleaded not guilty to enable the Police to prove the allegations.

The presiding Magistrate, Miss F.R. Ogunkoyede, granted him bail in the sum of N1.2m with two sureties in like sum who must show evidence of means of livelihood and tax payment.

The matter was adjourned for mention while the defendant was remanded in custody at the Correctional Center at Kirikiri town, Lagos, pending when he will perfect his bail conditions.

Under Nigerian law, a charge represents allegations made by the prosecution and is not proof of guilt. The court is expected to hear evidence from both the prosecution and the defence before making any finding or pronouncing sentence.

Legal experts say the defendant is presumed innocent until proven guilty by the Court of competent jurisdiction.