The Police Command in Lagos State has apprehended a suspected kingpin of a vehicle fraud syndicate linked to the alleged fraudulent acquisition of 29 vehicles valued at over N1 billion.
The News Agency of Nigeria (NAN) gathered that the suspect, who has been on the run, was eventually apprehended after investigations and confessional statements from arrested members of the syndicate identified him as the alleged mastermind of the fraud.
Following the development, the Commissioner of Police, Lagos State Command, Mr Fatai Tijani, directed the State Criminal Investigation Department (SCID), Yaba, to intensify investigations and arrest other members of the syndicate.
A police source told NAN on Saturday that the syndicate specialised in fraudulently obtaining exotic vehicles from unsuspecting dealers through false representations and the subsequent conversion of the vehicles for personal gain.
“The suspects targeted reputable vehicle dealers by claiming the vehicles were required for legitimate business transactions or political purposes.
