A cleric, Reverend Oluwafemi Iroh, has narrated how he lost N11 million to suspected fraudsters in a non-existent oil deal alleging that the suspects told him that they were suppliers of petroleum product and wanted him to be involved in the business.
According to him, the suspects named Kayode Benjamin and Abraham Lot allegedly sold the dummy of a petrol supply business to him with a promise that he would make a huge profit from it.
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.
Unsuspecting Iroh believed them and gave them the money and waited in vain for the supply of the product.
When the cleric could not bear it any longer, he went to the police at Ejigbo division and reported the fraud and the police trailed the suspects and eventually arrested Benjamin.
It was gathered at the station, Benjamin told the police that he had shared the money with other accomplices and as such, there was no money to refund to Iroh.
He was charged before an Isolo Magistrates’ Court with the offence but he pleaded not guilty.
The Magistrate, Mrs A. O. Adedayo, granted Benjamin bail in the sum of N1 million with two sureties in like sum.
He was remanded in prison pending when he will perfect his bail condition. The matter was adjourned till January 18.