Kabir Oloyede, a 35-year-old mine worker, was arraigned on Monday at the Iyaganku Chief Magistrates' Court in Ibadan over the alleged theft of 1,600 metric tonnes of lithium stone valued at N913,948,800. He faces two counts of conspiracy and stealing, allegedly committed between January 2025 and February 2026, in connection with property belonging to Badger Mining Nigeria Limited in Otu, Oyo State. Prosecuting, Mrs. B. K. Olookooba accused Oloyede and other suspects at large of unlawfully taking the mineral, a crime said to breach Sections 516 and 383 of the Criminal Code Laws of Oyo State 2000, and punishable under Section 390(9). Oloyede pleaded not guilty and was represented by Mr. A. Olayiwola, who requested liberal bail terms. The presiding judge, Chief Magistrate Mrs. Olabisi Ogunkanmi, granted bail in the sum of N10 million, with two sureties required to be real property owners in a highbrow area of Ibadan and in possession of a Certificate of Occupancy. One surety must also be a blood relative of the defendant. The court adjourned the case to July 8 for further hearing.
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