The Police in Lagos have arrested one Onyekachi Osunkwo, 35, who admitted to have bought countless stolen vehicles.
Osunkwo, who claimed to have been imprisoned in the United States of America in 2014 and in Nigeria the following year for the same offence, said he was glued to the business because he made 100 percent profit.
He said his supplies brought stolen vehicles for him at least twice a week, and that he was introduced into the business by one Ndubuisi when he returned from the US in 2014, adding that though he made so much money from it, he had done nothing tangible with the money.
He said: “I usually help people. If I buy a car N400,000, I sell it for N800,000. From the profit, I usually assisted people with needs. I haven’t done anything tangible with all the money I made from buying stolen cars.
“There was a time I had so much money that I wanted to pay my landlord three years upfront. But I did not because I did not want him to start suspecting me. So, I usually paid him yearly. I was arrested at my residence in Iba Estate.”
