Lagos businessman accused of burning down N7.8m caterpillar

Lagos businessman accused of burning down N7.8m caterpillar

A Lagos businessman, Chief Gabriel Okonkwo has been arraigned on charges of setting fire to another businessman’s property.

Read also: BUSINESSMAN IN SHOCK AFTER SEEING HIS OBITUARY POSTERS

Chief Okonkwo was arraigned before an Igbosere Magistrate court, in Lagos State.

In a one count criminal charge number L/43/2016,filed before the court by Police prosecutor from Force criminal investigation Department, Alagbon Ikoyi, Lagos, Assistant Superintendent of Police, Henry Obiazi, it was alleged that Chief Gabriel Okonkwo, on the 1st of February, 2015, at Alaba international Market Lagos in the Alaba Magistrate District did willfully and unlawfully set fire to a fiats-Allis Caterpillar, Model 345 Be Model valued at N7,800,000, property of one Engineer Bayo Oladosu.

He was accused of committing an offence punishable under section 349(4)(e)(ii) of Criminal law of Lagos state,2011.
The accused businessman pleaded not guilty and his counsel, Uche Nwammadu urged the court to admit the defendant to bail in liberal terms.

The prosecutor ASP Obiazi did not oppose the bail but urged the court to admit the accused to bail with stringent condition that will ensure his attendance to face trial, adding that it took the intervention of Force Headquarters Abuja before the accused could be apprehended for arraignment.

In her ruling, the Presiding Magistrate Taiwo Omoyele (Mrs) granted bail to the accused person in the sum of one Million Naira with two responsible sureties who must be gainfully employed and resident in Lagos with the evidence of tax payment in Lagos State.

Subsequently, Magistrate Omoyele adjourned till 17th of August, 2016 when the trial of the accused businessman will commence. She ordered the remand of the accused in prison custody pending the time his bail condition will be full filled.


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