Home Crime Dealer docked over alleged theft of car valued N15m

Dealer docked over alleged theft of car valued N15m

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Ikeja, Jan. 23, 2026(NAN) A 37-year old man, Ogunbamise Oluwabamise, was on Friday arraigned before an Ikeja Chief Magistrates’ Court over alleged theft of a Hyundai Sonata car, valued N15 million.

 

Oluwabamise, a car dealer, residing at 3 Oremeta St., Moricas, Akute, Ogun, is being charged with conspiracy and stealing, to which he pleaded not guilty.

 

The Prosecutor, ASP Adegoke Ademigbuji told the court that the defendant committed the offences on Oct. 29, 2025 at Progress Road, Abule Egba, Lagos.

 

Ademigbuji further said that the complainant, Mr Usman Alabi, gave his unregistered Hyundai Sonata car, valued N15 million, to the defendant to sell for him.

 

‘They agreed that the defendant should deposit the money in the complainant’s account after selling the car, but he sold the car and failed to remit the money as agreed,” he said.

 

He said that the offences contravened Sections 287 and 411 of the Criminal Law of Lagos State, 2015.

 

The Chief Magistrate, Mr L.A Owolabi granted the defendant bail in the sum of N2 million with two sureties in like sum, and adjourned the case until March 4 for mention.(NAN)