The Magistrate, Mrs Risikat Olayemi, gave the order after refusing to take the plea of the accused.
She said the accused would be granted bail after the police had completed their investigations.
"Granting her bail will jeopardise police investigations," she said.
The accused, whose address was unknown, is facing a four-count charge of conspiracy, housebreaking, intent to commit felony and stealing.
Olorunwole, however, pleaded innocence of the offences.
Earlier, police prosecutor, Supo Adeyemo, had told the court that the accused with others still at large committed the offences on October 12 at 2.00 p.m. at Ikeji Quarters, Ile-Ife.
Adeyemo said the accused conspired with others and broke into the house of the complainant, Mr Oluseyi Famuyiwa, and stole some items.
He listed the stolen items as three water closets, three standing water basins, kitchen cabinet and 50 packs of tiles all valued at N132, 000.
According to him, the offences contravened Sections 383, 390 (9), 411 and 412 of the Criminal Code, Laws of Osun.
The prosecutor told the court not to grant the accused bail on the grounds that she had similar cases in other courts.
Adeyemo said police investigations would be jeopardised if the accused was granted bail.
He also said some of the stolen items had been recovered from the accused.
The magistrate adjourned further hearing to October 27.
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