A man who has been accused of stealing N100 million contained in a bullion van belonging to a bank has been denied bail by a magistrates’ court sitting in Abakaliki, the Ebonyi State capital, yesterday.
The police accused the defendant, Ikechukwu Moses Nwankwo, of conspiring with others on the run to commit the offence on November 18 at Ogoja Road, Abakaliki.
The police prosecutor, Sergeant Obi Eberechukwu, also informed the court that the defendant, in connivance with others, also stole the bullion van worth N15 million.
The alleged offences are punishable under Section 516A (a) of the Criminal Code, Cap 33, Volume 1 Laws of Ebonyi State of Nigeria 2009 and Section 390(a)(b) of the Criminal Code, Cap 33, Volume 1 Laws of Ebonyi State of Nigeria, 2009.
The defendant was said to have failed to give an account of the whereabouts of the bullion van and the sum of N100 million which he was asked to transport to Ebonyi State.
Nwankwo pleaded not guilty to the three count charges while the defence counsel, Ebere Origbo, applied for bail in the most liberal terms for him.
Magistrate Happiness Chima granted the defendant bail in the sum of N1 million and one surety in like sum.
She said the surety must be resident within the jurisdiction of the court, have a landed property along Onwe Road in Abakaliki and must present a tax clearance certificate for 2021 and 2022.
The magistrate added that the surety must deposit two recent full-sized photographs of himself and that of the defendant alongside verifiable addresses with the court.