Prosecutor Sikiru Opaleye told the court that the accused also allegedly stole an HP laptop computer valued N85, 000 and a printing machine worth N8, 000, property of a secondary school principal.
Opaleye said that the accused committed the offence on Oct.7 at Ile-Eja, Olohunsogo Area of Ibadan.
The prosecutor added that the offences contravened Sections 413 and 390 of the Criminal Code Laws of Oyo state of Nigeria 2000.
The accused pleaded guilty to the charges and his counsel, Mr Philips Ojo, applied for out of court settlement of the matter.
The case was adjourned to Jan. 30, 2013 for further hearing.