Metro

How Businesswoman Lost N2m To Investment Scam

Published

3 years ago

December 6, 2022

A businesswoman, Omotola Oyewole, has told an Ogba Magistrate’s Court how she lost the sum of N2m to an investment scam.

Oyewole spoke on Monday while giving evidence in the trial of a defendant, Abayomi Owolabi, before Magistrate L.A. Owolabi.

It was gathered that the complainant and Abayomi were friends before the incident happened in June 2022.

Oyewole said, “He (Abayomi) said he was an investment banker with Multibank Group. I would hear him have conversations on phone with people that he would give them their returns. Sometimes, he would also try to convince others to invest. He would tell me to invest also but I was hesitant at first. But whenever I was with him, he would receive calls and talk about the investment. That was what made me trust him.

“I later transferred to him a total sum of N2m. At first, I gave him some on June 6, 2022, and the second time was on June 9. He said he would pay dividends on the 5th of every month, starting from the following month. On June 30, I spoke with him about the dividends and he said I shouldn’t worry. But he ignored me since then and stopped talking to me and even picking up my calls.”

The woman said the defendant eventually picked up his call on July 4 and told her that she might not receive any returns on the investment.

“When he finally picked on July 4, he told me to check the MoU that I might not get any ROI. I told him that I should get the N2m I invested if I couldn’t get any dividends. I wanted my money but he told me I would get my principal after 30 working days.

“I went to a police station when I saw that he wasn’t forthcoming. They invited him and when he got there, he was talking with so much pride. They asked me what I wanted and I said he should write an undertaking on when he would pay me. He wrote an undertaking to pay back on August 26, but he didn’t pay. I went back to the station but I felt that I wouldn’t get justice in that station. So, I went to the state police command and they invited him,” she added.

In his defence, Abayomi told the court that he also lost his money to the scheme, adding that he had paid the sum of N1,050,000 since the invitation by the police.

Magistrate Owolabi adjourned the matter till December 6 for a report of settlement.

Metro

Ex-convict Arrested In Edo For Armed Robbery, Possession Of Firearm

Published

8 hours ago

May 5, 2026

Editor

The Edo State Security Corps (ESSC) has arrested a 45-year-old ex-convict, Owen Osas, for alleged unlawful possession of firearms and suspected involvement in a robbery incident.

Osas was reportedly arrested with a cut-to-size single-barrel gun during a covert operation along Fishpond Road in Eyean, Uhunmwonde Local Government Area.

The arrest reportedly comes barely a year after he was released from prison, where he had served time for illegal possession of firearms and other criminal offences.

Osas, who confessed to the latest crime, also admitted to being a member of the Eiye Confraternity.

READ ALSO:Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo
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Consequently, a victim of an alleged robbery incident, Reginia Izy, identified Osas as the person who robbed her a day before his arrest.
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The victim narrated that the suspect had approached her residence around 8 p.m., pretending to be familiar before carrying out the attack.
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‎The Deputy Commander Operations of ESSC, Richard Balogun, said the arrest was part of intensified efforts to rid Edo State of criminal elements.

READ ALSO:Edo South Senatorial Seat: Nothing Wrong Seeking Wike’s Support – Ogbeide-Ihama
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‎Balogun explained that operatives conduct both overt patrols and covert operations to track and apprehend suspects.
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He said, ‎“Our men are always on patrol. Some operate in plain clothes as part of covert strategies, while others are stationed at strategic locations.

“Osas, who is a former convict, was arrested with firearms and he also confessed to be a member of the Eiye Confraternity.”
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Metro

Gunmen Kidnap Businessman In Ibadan

Published

2 days ago

May 4, 2026

Editor

Gunmen suspected to be kidnappers have abducted a 60-year-old man in Ibadan, the Oyo State capital.

The victim was kidnapped on Saturday while on his way to his residence.

The incident occurred at Jinarere, Alakia in Ibadan.

Public Relations Officer of the State Police command, Olayinka Ayanlade, when contacted, confirmed the incident.

Ayanlade in a statement made available to DAILY POST on Sunday, explained that efforts are ongoing to rescue the victim.

Ayanlade said, “Preliminary information reveals that the victim, a 60-year-old male and building materials trader, was accosted while returning home along the Jinarere axis of Alakia Road by four masked armed men, who forcefully whisked him away in an unregistered ash-coloured Toyota Corolla vehicle”.

Metro

Tragedy As Suspected Kidnappers Kill Young Entrepreneur In Edo

Published

2 days ago

May 3, 2026

Editor

A 30-year-old entrepreneur and CEO of Principle Takeout, Justice Abu Oshioke, has been killed by suspected kidnappers in Ekpoma, Esan West Local Government Area of Edo State.

He was reportedly attacked by the suspected kidnappers on Saturday while on his way to pick up an order made for his child’s dedication on Sunday morning.

Eyewitnesses said the attackers attempted to force him into a nearby bush in a kidnapping attempt. However, he reportedly resisted and tried to escape.

In the course of the struggle, the assailants opened fire, shooting him multiple times.

Concerned residents quickly rushed him to a nearby medical facility, but he was confirmed dead on arrival.

The deceased was said to have recently gotten married and welcomed a baby boy.

The tragic event has turned a joyous occasion into a moment of grief for the family.

The shocking development has left the Ekpoma community in deep sorrow, with many residents expressing outrage over the growing insecurity in the area.

Edo State Police Command’s spokesperson, Eno Ikoedem confirmed the incident and said the Commissioner of Police, Monday Agbonika has ordered a “full-scale investigation and intensified manhunt for those responsible.”

According to her, the Police, in collaboration with the military, local vigilantes, and hunters, are actively pursuing the perpetrators through coordinated operations.