By Alex Olise
Nemesis has caught up with a middle aged man who claimed to be running a microfinance bank using it to dupe unsuspecting victims of over N50 million as he was finally arrested by operatives of the Zone 2 Command Onikan Lagos.
The suspect had lured the victims to deposit with his financial institution with the promise of paying them 100 percent interest for whatever amount deposited at the end of every month.
According to the police, the suspect at the beginning was paying the customers the huge interest and this made many of them to go borrowing from other sources to deposit, as the news spread everywhere more customers besieged the financial house situated at Ikoyi area of Lagos with huge deposits.
The bubble burst a few months ago when the owner of the microfinance house stopped coming to the office including his staff, this prompted most of the depositors to lodge complaints at the Zone 2 Police Command and in swift response the fraudster was tracked and arrested.
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The Trumpet spoke to the suspect who simply gave his name as Jide. He was crying and pleading with the police to give him more time and allow him to go back and hustle to pay his customers. But on checking the number of depositors and the amount committed to the transaction by the victims, the police declined his request and detained him today with a view to seize his assets and let other customers come forward to make their claims.
As at today, over 25 victims who fell prey to the scam were at the station. Most of the victims worshipped in the same church with the fraudster which made them to fall victim as they were doing the business on trust since they are members of the same church, having known him for many years back.
The police said the suspect will soon be charged to court.
