In a high-profile case in Ibadan, a magistrate court on Monday approved bail set at N10 million each for two individuals accused of stealing a trailer loaded with iron rods valued at N50 million in the Odo-Ona Apata area. The defendants, identified as 32-year-old Sunday Shaibu and 24-year-old Nura Mohammed, faced charges of conspiracy and theft brought forth by the police. During their arraignment, both men pleaded not guilty.
Inspector Folake Ewe, the prosecuting officer, detailed the allegations, noting that the incident occurred on October 30. According to her, the two defendants had colluded to unlawfully appropriate the iron rods, which belonged to the Chinese and Bridge Corporation Company. The prosecutor emphasized that their actions were in violation of Sections 516 and 390(9) of the Oyo State Criminal Laws of 2000, underscoring the severity of the offenses.
Presiding over the case, Magistrate T. G. Daodu granted bail under strict conditions: each defendant must provide N10 million and secure two sureties of equal financial standing. The magistrate specified that these sureties must have verifiable means to fulfill the bond, reflecting the serious nature of the charges.
The case has been adjourned until January 14, 2025, when the court will reconvene for further proceedings. The decision to grant bail, albeit under stringent conditions, highlights the judicial balance between the presumption of innocence and ensuring accountability. The case has drawn significant attention, reflecting the economic and legal implications of large-scale theft, especially involving valuable construction materials.
This case continues to be a focal point for discussions around security and law enforcement in the region, sparking conversations about safeguarding assets and prosecuting organized theft efficiently. As the court date approaches, stakeholders in the construction and legal communities will be watching closely for developments in this matter.
