The police on Monday arraigned two persons namely; Sunday Shaibu, 32, and Nura Mohammed, 24, for allegedly stealing a trailer load of iron rods worth N50 million.

The duo, whose addresses were not provided, were charged with conspiracy and stealing before an Iyaganku Magistrate’s Court, in Ibadan, Oyo state capital.

They, however, pleaded not guilty to the charges preferred against them.

The Prosecutor, Inspector Folake Ewe told the court that the defendants allegedly committed the offences on Oct. 30, at Odo-Ona Apata Area of Ibadan.

Ewe said the defendants conspired to steal the iron rod, property of the Chinese and Bridge Corporation Company.

She said the offences contravened Sections 516 and 390(9) of the Criminal Laws of Oyo State, 2000.

The Magistrate, Mrs T. G. Daodu granted the defendants bail in the sum of N10 million each with two sureties each in like sum.

She adjourned the case until Jan. 14, 2025, for a hearing.

Police arraign two for allegedly stealing N50m worth of iron rod