According to reports, Olaogun promised to pay within two weeks but rather than pay, he sent a fake bank alert SMS, otherwise called magic alert, to the seller.
Olaogun owned up to the crime, stating that he lied to the car dealer that the state government needed a supply of three Honda Accord vehicles.
Then he claimed that it was greed that pushed him to commit the fraudulent act, adding that it was too late before he realized that nothing good would come of out of his action.
Lagos State Commissioner of Police, Mr. Fatai Owoseni, said the suspect would go into shops and buy good worth millions of naira and instead of him to pay, he would send fake bank alert to the person.
“When the person now went to bank to collect the money, it was there the person would discovered that what they send to him or her is fake bank alert. He also generate fake bank Statement to deceived suppliers N5m and a Toyota Corolla was recovered from him,” he added.