Police arraign car dealer who allegedly stole cars worth $37,896

The police on Friday arraigned a  40-year old car dealer, Emmanuel Onyeador,  in Igbosere Magistrates’ Court, Lagos for allegedly stealing five cars valued $37.896 entrusted in his care to sell by the complainant, Anphonus Lewis.
Onyeador, whose address was not given, is charged with conspiracy, fraud and stealing.
Police Counsel, ASP George Nwosu informed the Court in charge No B/120/2018 that the accused committed the alleged offence in year 2011 in Lagos.
Nwosu told the court that the complainant reported that he entrusted five vehicles to the accused as car dealer with the agreement to sell them, make profit and remit the proceeds into his account, but that he was shocked that the accused sold all the vehicles and allegedly converted the proceeds to his use.
According to Nwosu, the complainant further stated that he reported the matter to the police when the accused failed to refund the proceeds from the sold vehicles to him since 2011.
Nwosu said that the offencs, the accused committed were punishable under sections 409, 312 and 285(9)(a) of the Criminal Laws of Lagos State, 2011.
The accused, however, pleaded not guilty to the alleged crime.
Chief Magistrate Folashade Botoku, admitted the accused to bail in the sum of N2 million with two sureties in like sum
Botoku adjourned the case until January 29, 2019 for mention.