The suspect has been granted bail in the sum of N50,000 with one surety in like sum, till the case resumes.
Yusuf, who resides in Agege, Lagos, allegedly "siphoned the diesel from a tank into 23 plastic jerry cans and filled it with water", Daily Post reports.
This was confirmed by Inspector Raji Akeem, the prosecuting officer, who also said that the crime was committed in June 2016, around Oshodi Street, Ijaiye-Ojokoro, Lagos.
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Raji said, “When the complainant noticed that the diesel in the tank was mixed with water, he went back to the company that supplied him the diesel and accused it of selling diesel mixed with water.
“The complainant said that the supplier denied the allegation and told them to go and investigate the workers.
“She said when he asked the security guard about the missing diesel, he became very restless and after much pressure, he confessed that he sold the diesel to one Monday, who is now at large".
The prosecutor also said that the crime offences contravened Sections 285 and 409 of the Criminal Law of Lagos State, 2011.
The suspect, Yusuf, was granted bail in the sum of N50,000 with one surety in like sum, by Senior Magistrate, Mr T.O. Shomade.