Lagos police nab man over alleged N15.4m gold fraud

Operatives of the Police Command in Lagos State have apprehended a 37-year-old man over an alleged fraud involving gold valued at N15.4 million.

News men gathered that the suspect was being investigated for alleged obtaining by false pretence and stealing.

Following the report, the state Commissioner of Police, Mr Fatai Tijani, directed that the case be transferred from the Sabo Police Division to the State Criminal Investigation Department (SCID), Yaba.

According to him, the case is being transferred for further investigation.

A police source told reporters on Friday that the complainant reported that the suspect approached him on July 14 to purchase gold worth N15.4millon.

‘’The complainant said the suspect promised to transfer the payment after taking delivery of the items.

“The suspect after collecting the gold became unreachable.

“When the suspect was later traced, he pleaded for another consignment of gold valued at six million naira and promised to pay the outstanding balance of about nine million naira.

“The suspect failed to honour the promise and instead used a similar method to obtain gold from other unsuspecting dealers, ” he said.

The source said efforts were ongoing to establish the full extent of the alleged fraud and identify other possible victims.

He said that investigation into the allegations was being handled by the Swift Enquiry Team of the SCID.

He said the investigation was under the supervision of the Deputy Commissioner of Police in charge of the department, Mr Dayo Akinbisehin.