Petroleum Business: Pastor Loses N11m To Fraudsters

A Lagos pastor, Rev. Dr. Oluwafemi Iroh, has lost N11 million to suspected fraudsters in Lagos State, western Nigeria.

The suspects told Iroh that they were suppliers of petroleum product and want him to be involved in the business.

The incident happened at Borokiri Plaza in Jakande Estate where Iroh’s office is located.

One of the suspects, Benjamin Kayode, has been arrested and charged before Isolo Magistrates’ court with obtaining under false pretence and stealing under the Criminal Code.

Kayode’s accomplice identified as Abraham Lot is now at large.

According to the police, Kayode and Lot allegedly lured Iroh into petrol supply business with a promise that Iroh would make a huge profit from it.

They assured him of prompt supply and reduced the price of the product as dealers in business who knew where to get the product at cheaper price.

Unsuspecting Iroh believed them and gave them the money and waited in vain for the supply of the product.

Iroh waited in vain after Kayode and Lot collected the money and bolted away.

Iroh went to the police at Ejigbo division and reported the fraud and the police trailed the suspects and eventually arrested Kayode.

P.M.NEWS gathered at the station, Kayode told the police that he had shared the money and as such there was no money to refund to Iroh.

Kayode was charged to court with the alleged offence bu he pleaded not guilty.
The presiding Magistrate, Mrs A. O. Adedayo granted Kayode bail in the sum of N1m with two sureties in like sum.

Kayode was remanded in prison custody pending when he will perfect his bail condition.

The matter was adjourned till 18 January 2016.