A car dealer, Ayeni Morakinyo, on Thursday, appeared before an Ogudu Magistrates’ Court for allegedly stealing N5 million from the sale of a Lexus car.

Morakinyo, who resides at Iju-Ishaga area of Lagos, is facing a charge of stealing.

The Prosecutor, ASP Donour Perezi, told the court that the defendant committed the offence within the Ogudu Magisterial District of Lagos State.

He alleged that the defendant dishonestly converted the sum of N5 million meant for the sale of a Lexus LS460 car belonging to one Mr Augustine Ikwu.

According to the prosecutor, the complainant had authorised the defendant, who was his friend, to sell the vehicle for N8 million.

The prosecutor said the defendant allegedly sold the car but transferred only N3 million to the complainant and absconded with the remaining N5 million.

He said that the offence contravened Sections 280 and 287 of the Criminal Law of Lagos State, 2015.

The Magistrate, Mrs S.K Matepo, granted the defendant bail in the sum of N1million with two reliable sureties.

The case was adjourned until April 1, for further hearing.

However, the police said the matter was reported at the Ogudu Police Division and later referred to the District Criminal Bureau for investigation.