Detectives from the State Intelligence Bureau, SIB, is currently investigating how a pastor in his early 50’s connived with a renowned Lagos car dealer (names withheld) to falsify documents and defrauded a new generation Bank.
Crime Alert learned that the bank wrote a petition to the Commissioner of Police to investigate the case of a vehicle loan facility given to one of their clients which was stolen at gunpoint. The case was later referred to State Intelligence Bureau for detailed investigation.
Collection of loan facility
According to reports, sometime last year, Pastor Babatunde Olusegun, a customer of the bank collected a vehicle loan facility which he agreed to pay installmentally over a period of three years. Unfortunately, after paying for eight months, he stopped.
Trouble, as gathered, started when Olusegun could no longer service the car loan facility and the bank requested that he return the vehicle which he earlier claimed was stolen at gunpoint unknown to him that the vehicle has a tracking device. While investigating the case, the police officers tracked the vehicle in question to a car mart (names withheld) located within Ikeja metropolis.
Strange bank customer emerges
Crime Alert gathered that the operatives recovered the Toyota Corolla, 2008 model, from the car mart, and then invited the car dealer to the State police command. At the state police command, the car dealer revealed that it was his friend, one Mr. Taiwo, that brought the vehicle to him to help him sell.
Eventually, Mr. Taiwo was invited for interrogation. During the preliminary investigation, Mr. Taiwo revealed that Diamond Bank bought the vehicle for him via a car loan facility, two years ago, with documents to back up his claim.
Puzzle over tracking device
Faced with the puzzle of unraveling how the tracking device of one bank was installed in a vehicle given to a client of another bank, detectives discovered that the suspect, Olusegun and Mr Taiwo were friends. It was learned that after paying N1.2m equity and meeting all necessary requirements for accessing the car loan from the bank, the bank sent Olusegun to their official car agent to pick up a Toyota Corolla worth N3.5m.
How the deal was struck
Instead of picking up a new car, Olusegun took his friend Taiwo’s car to the car mart, he and the car dealer forged new documents and plate number in his name for the vehicle, to make the bank believe that he has picked up the vehicle.
He presented the falsified vehicle documents bearing his name to the bank which then paid the car dealer N3.5m that was shared between the dealer and Mr. Olusegun. He later returned the vehicle back to his friend.
Crime Alert gathered that when detectives went to Olusegun’s apartment to affect his arrest, he reportedly denied that he is not the one stating that the person with the name is his brother-in-law who has gone out.
The case is still being investigated by the police to determine the culpability of the car dealer and the bank staff in the fraud before charging the case to court.