Recession: Customer Mistakenly Transfered N1m Into Painter’s Account

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A customer has mistakenly transferred the sum of N1 million into a car painter’s bank account through internet banking but when he realized it, the worse was yet to come.

Nigerians are experiencing the worse of the economic recession buzzing around that one might not frown at 22-year old Taiye Obakoya, who reportedly disappeared with the sum of N150,000 from the N1 million by his customer, Mr. Dada Emmanuel.

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The suspect, who resides on Awolowo Street, Oworosoki, was arraigned at a Lagos Magistrate’s Court at Igbosere, Thursday, November 3, to stand trial on a count charge of theft.

Report from our correspondent relayed that the prosecutor, Nicholas Akpene, narrated the story in court and he said:

“On October 20, at 10:30a.m., the complainant, one Mr. Dada Emmanuel, intending to pay money into his wife’s bank account, did a mobile phone money transfer of N1 million from his bank account to the Guaranty Trust Bank account of his car painter, Obakoya.



“After discovering the error, he phoned Obakoya and pleaded with him not to tamper with the money, but the defendant told him that no such amount was credited to his account.

“The next morning, the defendant refused to pick his calls and when the complainant checked on him at home and at his workshop under the bridge at Obalende, Obakoya was nowhere to be found. 

“The complainant then reported the matter to GTB Bank, which placed a restriction on Obakoya’s account after confirming that the N1 million was successfully transferred to it and that he had already withdrawn N150,000 from it.”

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He explained that the offence committed by the suspect was punishable under Section 285 of the Criminal Law of Lagos State, 2011.

Meanwhile, Obakoya pleaded not guilty to the charge. Magistrate Adepoju granted him bail in the sum of N50,000, with two sureties in like sum and adjourned the case till November 15 for mention.