A 28-year-old man, Oluwafunmso Wemson, was yesterday arraigned before an Osogbo Magistrates' Court for alleged theft and being in possession of some fake pounds sterling.
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The police prosecutor, Inspector Solomon Oladele told the court that the accused had on June 2, this year at about 6p.m. at MDS area, Osogbo allegedly committed the offence of stealing when he. entered a shop belonging to Kehinde Adeyemo and stole N265,000.
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Oladele added that when the accused was apprehended and his house searched on June 8, he was found in possession of 140 pounds sterling which were suspected to be fake and which the suspect could not give satisfactory account of how he came about them.
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He said the offence contravened sections 390 and 430 of the Criminal Code cap 34 Vol. 11 Laws of Osun 2003.
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The accused who had no legal representative, pleaded not guilty to the charges and the Senior Magistrate, Mr. Olusola Aluko who presided over the case granted him bail in the sum of N100, 000 with two sureties.