How this Oyo Man smartly defrauded a businessman of N40 Million

This Nigerian man pictured above is based in Oyo, and his name is Babatunde Idris. He was recently arrested after years spent posing as a colonel and defrauding people of various sums of money, including a businessman, whom he defrauded of N40 million.

State Commissioner of Police, Leye Oyebade, confirmed the news, stating:

“Following a petition received alleging the fraudulent activities of Idris, the command’s Anti-kidnapping Squad swung into action and arrested the suspect, who until his arrest had fraudulently obtained various sums of money from his victims.

The suspect forged various letterheads of the nigerian army which he issued to unsuspecting individuals and corporate organisations soliciting assistance. He also had multiple identities under fake names all bearing the status of a colonel.

The suspect promised his last victim, Mustapha, that he would help him to get a certificate for oil importation since 2012, but failed to complete the deal after the money (N40 million) was paid into his account.”

Idris has however denied collecting N40million from Mustapha, thenews.ng reports.

“I collected N16m from him claiming to be a colonel in the army. I signed the form, but truly I am not a military man. One of my brothers is a general in the army. One day, he gave me a letter to help somebody, so I made a copy of it.
Mustapha wanted me to help him to collect certificate of oil lifting and because I knew people who could do it, I took the money from him, but the deal failed.”