Lagos Pastor Loses N11million In Fraudulent Business

A Lagos pastor, Rev. Dr. Oluwafemi Iroh, has lost N11 million to suspected fraudsters in Lagos. They were said to have told Rev. Iroh that they were suppliers of petroleum products and want him to be involved in the "lucrative" 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. His accomplice identified as Abraham Lot is now at large.

Kayode and Lot lured Pastor Iroh into petrol business with a promise that he would make a big profit.

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.

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

He waited in vain after Kayode and Lot collected the money and bolted away. The pastor went to the police at Ejigbo division and reported the fraud and the suspects were trailed, leading to Kayode's arrest.

According to PM News, Kayode told police that he had shared the money and as such there was no money to refund to Pastor 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. The matter was adjourned till 18 January 2016.