The accused, armed with gun and other dangerous weapons, broke into the residence of the complainant and stole property worth thousands of naira.
The 18-year-old is facing a three-count charge of conspiracy, burglary and robbery.
Magistrate Bola Folarin-Williams directed that the plea of the accused be taken and quashed the remand order brought by the police.
She granted the accused bail in the sum of N100, 000 with two responsible sureties in like sum.
Earlier, the Prosecutor, Sgt. Jimah Iseghede told the court that the accused committed the offences on March 19 at 4.00 a.m. at No. 33/35, Modele St., Surulere.
He told the court that the accused, armed with gun and other dangerous weapons, broke into the residence of the complainant, Oluyinka Olumide and stole property worth thousands of naira.
He listed items allegedly stolen by Daramola as one Hp laptop valued at N70, 000, one Toshiba laptop valued at N50, 000, one iPhone6 valued at N160, 000 and a Samsung smart phone valued at N40, 000.
Others are a Nokia phone, two Itel phones and a smart phone valued at N140, 000.
Iseghede also alleged that the accused stole two gold rings and a wedding band, a driving licence, seven ATM cards, N60, 000 and 300 dollars, all belonging to Oluyinka Olumide.
The offences, according to the prosecutor, contravened Sections 297, 307 and 411 of the Criminal Law of Lagos State, 2015.
The accused pleaded not guilty.
The case has been adjourned until August 24 for mention.