A 29-year-old woman has been arraigned before the Ojo Magistrate Court in Lagos over alleged conspiracy and theft of over N53.9 million in cash and auto parts from her employer at ASPAMDA Market, Trade Fair Complex.
The defendant, Nwosu Chidinma, was brought to court on a two-count charge filed by the Commissioner of Police, Lagos State Command. The charge is marked Charge No. 07/1/217/25.
According to the charge sheet, the alleged incident occurred between September 2024 and November 12, 2025 at Shop No: 118/119, Zone C, Block 8, ASPAMDA Market, Trade Fair Complex, Lagos State, within the Lagos Magisterial District.
In Count I, the prosecution alleged that Nwosu Chidinma and others at large conspired among themselves to commit felony. The offence is said to be contrary to and punishable under Section 411 of the Criminal Law of Lagos State, 2015.
Count II alleged that Nwosu Chidinma, who was the sales manager of New Limit Nigeria Limited, dishonestly stole and converted to personal use the sum of N13,000,000. The money was allegedly received from company customers through her First Bank account number 3106765729 and Zenith Bank account number 2275292393.
The prosecution also alleged that the defendant converted several auto parts belonging to the company. The items listed include 250 packs of 08 up engines, 400 packs of 2.4 low arm bush, 30 packs of Sienna curves, 70 packs of V6 up bushing, and 450 packs of 2.2 socket.
Other items allegedly stolen included 50 packs of 2.4 ball joint, 20 packs of 09-013 front brake pad, 2,030 packs of 06-013 back pad, 2,600 packs of 0.8 up bush, and 150 packs of 04 up engine mount. The charge also listed 1,200 packs of Sienna big bushing, deco pins, stop lamps, and other spare parts.
According to the charge sheet, the total value of the alleged stolen cash and goods is N53,911,500. The property was said to belong to New Limit Nigeria Limited, represented by Mr. Onye Eke, with Mr. Clubuody Chima as supervisor.
The alleged offences are said to be contrary to Section 280 and punishable under the Criminal Law of Lagos State, 2015.
The matter was presented by IPO Inspector Yunisa Monday, attached to Trade Fair Police Station, while CSP Elebute Olabi, DPO Trade Fair was also listed in connection with the case.
However, the defendant pleaded not guilty.
The prosecutor, ASP Esther Adesulu, asked the Court to give a date for hearing to enable the Police to prove the allegations.
The presiding Magistrate, Mrs. O.M. Ogun, granted her bail with two sureties who must show evidence of means of livelihood and tax payment, while their addresses are to be verified by the Court. The matter was a djourned for mention. The defendant was remanded in custody at the Correctional Centre pending the perfection of her bail conditions.
Police authorities said investigations into the matter are ongoing. Legal experts note that the defendant is presumed innocent until proven guilty by a Court of competent jurisdiction.