Ex-MD, two others arraigned for N1b ‘theft’ – Former Managing Director of a Murtala Muhammed Airport-based firm, Star Orient Nigeria Limited, Dare Osamo, and two others have been arraigned at the Yaba Magistrate Court, Lagos State for allegedly stealing N1 billion.
The defendants, Osamo, Ayoola Olore Abisola and Hussaina Abdulkadir, were in the dock before Magistrate Mrs A. A. Oshiniyi on a four-count charge, which include forgery and stealing, by the Zone 2 of the Police Command, Onikan, Lagos.
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The Prosecutor, Jimoh Joseph, said the accused had been under investigation for a year and six months before they were arraigned, following the Department of Public Prosecution’s (DPP’s) advice that they had a case to answer.
However, when the charge was read to the defendants, they pleaded not guilty.
The presiding Magistrate, Mrs Oshuniyi, granted them bail of N5 million with two sureties, one of who must be employed, provide his residential address and tax payment evidence, while the other, a member of their family.