Two developers, Lukman Kadiri, 55 and Anthony Folarin, 54, were on Thursday, arraigned before an Igbosere Chief Magistrate’s Court, Lagos, on a seven count-charges bordering on conspiracy, false information, threat to life, conduct likely to breach peace of public peace, illegal conversion and fraud.
The two developers were arraigned before the court presided over by Mr. Y. O. Aro-Lambo on the alleged offences by the men of Federal Criminal Intelligence and Investigation Department (FCIID), Alagbon-Ikoyi, Lagos.
The police in a charge marked F/70/2018, alleged that the two defendants on April 13, 2018, at Abdulmalik Chambers, 13, Calcutta Crescent, Apapa, Lagos, and at the State Criminal Intelligence and Investigation Department (SCIID) Panti-Yaba, conspired and accused the duo of Mrs. Precious Ikedia and Mr. Sanni Saibu Arewa, of forgery, illegal conversion and threat to life.
Police alleged that the false information and fictitious made against Mrs. Ikedia and Mr. Arewa, by the two developers at the SCIID, Panti-Lagos, led to the arrest and arraignment of Ikedia and Arewa on charges bordering on forgery, illegal conversion and threat to life.
The two defendants were also of accused of threatening the life of Mrs. Ikedia and Arewa.
They were also alleged to have on February 7, 2013, of fraudulently received the sum of N320, 000. from one Mrs. Joy Smart, under false pretence of subletting a room and parlour self-contained to her.
The offences against the two developers according to the police are contrary to and punishable under sections 94, 95(1)(b)(c), 168(1), 412, 96(b), 56(1)(a) and 314(a)(b) and 314(3).
The two defendants pleaded not guilty to all the counts of the charge.
Following their plea, the prosecutor, Barrister Williams Tijani, urged the court for a date for trial, while also asked the court to remand the defendants in prison custody, pending trial.
Responding, lawyer to the defendants, L. O. Ederowaye, pleaded with the court to admit his clients to in the most liberal terms. He told the court that the defendants are still innocent of the charge, and that the allegations against them are bailable ones.
Ruling on the bail, Magistrate Aro-Lambo admitted each of the defendants to bail in the sum of N200, 000, with two sureties each in the like sum.
Magistrate Aro-Lambo also ordered that the sureties must show to court evidence of three years tax payment to Lagos State government, with means of livelihood, and have their addresses verified by the prosecution.
Upon the consensus of the prosecutor, lawyer to the defendants and lawyers to the complainants, Prince Chinoso Chijioke, the presiding magistrate, Mr. Aro-Lambo adjourned the matter till November 16, for trial, while ordered that the accused be remanded in prison custody pending fulfilment of the bail conditions.

