Business man arrested for alleged N4m fraud in Ilorin


Stories by Ahmed Ajikobi

A 42 -year- old businessman, Yusuf Aliu Baba have been arrested  by men of the Kwara State Police Command for allegedly defrauding his client to the tune of N4m, recently.
The suspect was said to have issued a dud cheque of N4,050,000 to one Idowu Osinubi for the payment of service rendered to his company.
According to a police source, the case was reported at the state police headquarters by Osinubi.
The money, the source said, was meant for the construction and mounting of outdoor advertisements in parts of the state.
“The businessman gave the contract for the construction and mounting of billboards, signages and other sundry outdoor advertisements for a  multipurpose housing units being undertaken by his company, Bliss Construct Nig.Ltd.
“The victim said they both  had an  agreement of  the sum of N4,050,000 as payment for the contract before commencement of work. The victim mounted the bill boards along Ajase/Offa road, Amayo and several signages along Ahmadu Bello way, GRA, Ilorin.
It was gathered that the businessman issued a Skye Bank cheque to Osinubi upon completion of the job, which was dishonoured at the bank when it was presented.
“Following complaint, the suspect was arrested and during interrogation  by the CP X-SQUAD, the suspect confessed that he deliberately issued the dud cheque,” the source added.
When contacted on the issue, the Police Public Relations Officer, DSP Ajayi Okasanmi denied knowledge of the incident.

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