Why I Defrauded My Company Of N22m – Salesman


Why I Defrauded My Company Of N22m – Salesman

Lagos State Police Command has arrested a salesman, who allegedly diverted his company’s drugs valued at over N22 million.The salesman, Mr. James Babalola, 43, working with Pharmacy Plus, was said to have been diverting drugs for six years until his eventual arrest.

When he was finally caught, the amount of goods he had allegedly diverted was placed at N22 million. He confessed to have used the money to acquire property, lived large and pampered his wife. The police had since confiscated one of the properties acquired by him.


A police source said: “The suspect would have continued with the crime, if not that the pharmaceutical company decided to audit its account.His modus operandi is to use a pseudo third party name to collect the goods, but he’s actually the person collecting the goods. He also opened a third party bank account.”

Narrating his own side of the story, Babalola said: “I’m here because I owe Pharmacy Plus money. I have told them to give me time. I promise to refund them. I have been working for the company for six years.

They used to give me goods to sell. I’m a salesman. We sell drugs. I have been intercepting the delivery of the goods over the years with the aid of a pseudo third-party account. I was only caught last month after the company’s account was audited.”

Babalola said that he used to earn N80, 000 monthly as a salesman and had an official car. He, however, seemed to be quite unsatisfied with his salary as he tried to give his reason for defrauding his company.

He said: “The reason I did it was because of properties. I needed more properties.”The suspect said that his wife, Funke, had often complained about the way he spent money.

He said: “Funke had been suspecting and complaining that I was spending beyond my monthly salary, but she didn’t stop accepting varieties of items I bought for her. I convinced her to believe the money was legit.

She didn’t know anything about any of this. I’m ashamed of myself. I regret everything.” newstelegraph

Want Latest Controversial News? CLICK HERE TO GET THE LINJUST NEWS APP.

Get real time updates directly on you device, subscribe now.

Leave a Reply

2 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Possible WilsonMatthias Nkuda Recent comment authors
newest oldest most voted
Matthias Nkuda
Matthias Nkuda

What shall it profit a man to own the whole world and yet, lose his soul. Cheers.

Possible Wilson
Possible Wilson

Chai what a sad one…