A 35-year-old farm manager, Fasasi Ridwan, was on Wednesday arraigned before an Iyaganku Chief Magistrates’ Court in Ibadan, for allegedly stealing N7,620,000.
The defendant, who resides at Salaam-Salaam area, Alakia in Ibadan, was arraigned on a one-count charge of stealing, to which he pleaded not guilty.
The Prosecutor, ASP Foluke Adedosu alleged that the defendant, between 2025 and May 26, stole N7, 620, 000, being proceeds from the sales of cows and rams and fraudulently converted the money to his own use.
Adedosu said the livestock belonged to Prime Demland Farm Limited, Ogunsina Village, Oyedeji Road in Ibadan.
She said the offence contravened the provisions of section 383 and punishable under section 390 (6) (9) of the Criminal Code Laws of Oyo State 2000.
Defence Counsel, Mr.Y. F. Abdulateef asked for bail for his client on liberal terms.
The Magistrate, Mrs A.T. Oyediji admitted the defendant to bail in the sum of N1 million with two sureties in like sum.
Oyediji adjourned the matter until July 14, for hearing. (NAN)
