Nigerian Police Declare Businessman Wanted For N1.2Billion Luxury Car, Real Estate Fraud

Posted by Samuel on Fri 29th Aug, 2025 - tori.ng

Beyond the luxury vehicle, he was also said to have fraudulently obtained ₦525 million to acquire a first mansion and an additional ₦450 million for a second property. The combined fraud, according to the police, amounts to ₦1.2 billion.

The Nigeria Police Force has declared businessman Elusoji Oluwasegun Roland wanted over an alleged multi-billion-naira fraud involving luxury cars and real estate valued at more than ₦1.2 billion.

In a bulletin signed by the Commissioner of Police, Special Fraud Unit (SFU), Force CID Annex, Alagbon Close, Ikoyi, Lagos, and issued under the authority of the Inspector General of Police, the force confirmed that a warrant of arrest had been issued against Roland by the Federal High Court, Lagos.

Roland allegedly duped his victims into parting with huge sums of money under the guise of high-profile investments. He reportedly received ₦232 million for the purchase of a 2024 Mercedes Benz GLE 63S (black colour, VIN: 4JGFDBKB2RB134498).

Beyond the luxury vehicle, he was also said to have fraudulently obtained ₦525 million to acquire a first mansion and an additional ₦450 million for a second property. The combined fraud, according to the police, amounts to ₦1.2 billion.

The offences were said to have been committed in the United States of America in November 2023.

This raised questions about cross-border financial crimes and how Nigerian suspects operate internationally with little immediate consequence until warrants are issued.

Roland is described as a Yoruba man, aged over 40, 5 feet 2 inches tall, with a dark complexion, distinct features including thick lips, white teeth, a rounded chin, a large forehead, and black eyes.

He is said to appear in casual outfits most of the time. His last known address was listed as 9997 S. Whimbrei GR, Conroe, Texas, USA.

A special circular issued by the SFU reads: “The above-named person is hereby declared wanted by the Nigeria Police Force.

“A warrant of arrest was issued against him by the Federal High Court, Lagos. He is wanted by the police for conspiracy, obtaining money under false pretence, and stealing for the purpose of purchasing a Mercedes Benz GLE 63S 2024 model valued at ₦232,000,000. He also collected ₦525,000,000 for a first house and ₦450,000,000 for a second house, amounting to ₦1,207,000,000. The offences were committed in the United States of America on the 1st of November 2023.”

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