Bakura, whose address was not given, is charged with two counts of criminal conspiracy and theft.
The offence, he said, contravened the provisions of sections 97 and 287 of the Penal Code.
After the charges were read to him, he pleaded not guilty.
The prosecutor, prayed the court for an adjournment to enable police complete investigation into the matter.
In her ruling, Magistrate Mariam Kings admitted the accused to bail in the sum of N100, 000 with two sureties in like sum.
Kings adjourned the matter until March 28.