June 30, 2016

Lebanese bureau de change agent vanishes with clients’ N168m in Lagos

Lebanese bureau de change agent vanishes with clients' N168m in Lagos
The owner of a bureau de change company in Lagos has defrauded three clients, reportedly absconding with $487,700 (about N168m) meant to be converted to naira for them. The suspect identified as Lebanese-born Aly Sayad collected the said sum at his office located along Idowu Taylor Street, Victoria Island on Tuesday 28th June 2016, before telling his clients to hold on while he deposits the US dollars in his bank account and return with the equivalent in naira.

Lagos State Police Command PRO Dolapo Badmos confirmed the incident saying:

“We are on his trail. The unfortunate thing is that nobody knows his address. We have transferred the matter to the State Department of Criminal Investigation, Yaba, for further investigation. We will surely get him.”

According to another policeman at the Bar Beach Police station:

“The three men actually met at the Lebanese man’s office where they gave him money totalling $487,700 which they wanted to change to naira. He told them to wait for him that he would be going to the bank to deposit the dollars and transfer the naira equivalent into their bank accounts.

“The three businessmen waited until banking hours were almost over. They decided to go and check him around 3pm, but they didn’t find him in the bank. After checking at other places without result, they reported the matter to the police.”

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