A 43 year old chartered accountant Ifeoluwa Okunsanya was on Monday arraigned before an Igbosere Magistrate’s Court over alleged stealing of a Certificate of Occupancy to obtain loan from Access Bank and Unity Bank.
The defendant who has no fixed address is facing a three-count charge bordering on conspiracy, stealing and breach of peace preferred against him by the police.
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The defendant was said to have used the Certificate of Occupancy to secure a loan of N13million from two banks.
It was gathered that the defendant and some others still at large conspired to commit the alleged offences sometime in 2006.
The prosecutor Inspector Steven Molo told the court that Okunsanya sometime in 2006, at Millennium Grammar School, Ojodu stole a Certificate of Occupancy of a landed property to secure a loan of N5million, from Access Bank Plc Surulere Branch.
The prosecutor also alleged that on the same year; the defendant used the stolen Certificate of Occupancy to get a loan of N8million, from Unity Bank Plc at Idumota Branch.
Molo further told the court that the defendant sometime in 2010 conducted himself in a manner likely to cause breach of peace.
The prosecutor said that the offences committed is punishable under sections 409, 285 and 166 (a) of the criminal law of Lagos state 2011.
However the defendant pleaded not guilty to the charge preferred against him.
Defence lawyer, Ikechukwu Animam, however, urged the court to grant his client bail as the offence committed is bailable.
But the prosecutor opposed the application on the grounds that from the antecedents of the defendant he might escape if granted bail since he has no fixed address and that it would be very difficult for the police to get him.
In his submission Animam, said he was opposing the prosecutor’s submission that the defendant did not have a fixed address.
He said ” the defendant has a fixed address, it is because of the way the police has been harassing him that made him not to disclose his address.
After listening to the submissions of the prosecutor and the defendant’s lawyer, Magistrate Mrs Abimbola Komolafe granted the defendant bail in the sum of N500, 000, with two responsible sureties in like sum.
The sureties must be gainfully employed and must be blood relations, to the defendant, and also show evidence of three years tax payment to Lagos state Government.
The court added that the sureties should pay a N100, 000 each to the court registrar’s account. The case was adjourned till September 20, for mention.