Six arrested in Ondo over N71m vehicle fraud

Ondo State Police have arrested six individuals in Ibadan, Oyo State, in connection with a fraudulent scheme involving the sale of three heavy-duty vehicles worth over N71 million. The arrests followed a detailed investigation initiated after a complaint was lodged on May 22, 2026.

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The Ondo State Police Command has recorded a significant breakthrough with the arrest of six suspects in connection with the alleged fraudulent sale and illegal transfer of three heavy-duty vehicles valued at over N71 million.

The suspects, identified as Adeola Kolawole (56), Alhaji Gani Bello (73), Oladoja Akeem (56), Wasiu Adigun (55), Azeez Yusuf (49), and Ojo Mudasiru (40), were apprehended based on intelligence gathered by the Ondo command.

According to the police Public Relations Officer, DSP Abayomi Jimoh, the operation marks a significant breakthrough. The investigation revealed that the complainant purchased the vehicles, a low-loader truck, a tipper truck, and a small truck, in May 2025, entrusting them to the principal suspect, Adeola Kolawole. However, the complainant discovered on May 13, 2026, that the vehicles had been sold without his consent.

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The complainant, however, discovered on 13th May, 2026, that the vehicles had allegedly been sold without his authorisation.

Preliminary findings indicate that Kolawole confessed to selling the vehicles to Alhaji Gani Bello in Ibadan. This confession provided crucial leads for investigators to track down and arrest the other suspects involved in the unlawful transaction. The police are intensifying efforts to recover the vehicles and fully uncover the extent of the criminal conspiracy. All six suspects have reportedly provided confessional statements, and legal charges will be filed once the investigation concludes.

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His confession provided vital leads that enabled investigators to track down and arrest other suspects believed to have played various roles in the unlawful transaction.