A 30-year-old security guard,
The accused is facing a two-count charge of conspiracy and theft.
He, however, pleaded not guilty to the charges.
The Prosecutor, Insp. Philip Osijiale had earlier told the court that the accused on April 21 at about 5:30 p.m at Ikoya Avenue, Ikoyi Lagos conspired with one other person, now at large to steal the pipes.
He said that the accused was a security guard employed by Alliance and General Estate Development Limited to guard some of their new sites.
Osijiale alleged that Sunday stole 200 pieces of Acro props valued at one million naira from one of the sites and sold them for N67,000.
Osijiale said that the offences contravened Sections 287(d) and 411 of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria (NAN) reports that Section 287 stipulates three years imprisonment, while section 411 stipulates two years imprisonment for offenders.
The Magistrate, Mr Omolaja Kazeem, granted the accused bail in the sum of N300,000 with two sureties in like sum.
He said that the sureties must be gainfully employed, and show evidence of tax payment to the Lagos State Government and their addresses should be verified.
The case was adjourned till May 19 for hearing.