The Oyo State Police Command has arrested a 29-year-old man, Omoola Afeez Kehinde, over alleged stealing by conversion involving a TVS motorcycle valued at ₦2.55 million.
The suspect was arrested in Ondo town, Ondo State, on October 23, 2026, following an investigation into a hire-purchase transaction in which he allegedly took possession of the motorcycle but failed to make the agreed instalment payments.
According to the police, the complainant reported that Kehinde collected the motorcycle on August 2, 2025, under an agreement to pay for it in monthly instalments.
However, after taking possession of the motorcycle, the suspect allegedly disappeared without making any payment and became unreachable.
Following unsuccessful attempts to contact him, the complainant petitioned the Commissioner of Police in Oyo State, prompting the deployment of operatives of the Violent Crime Response Unit (VCRU) to investigate the case.
The police said an intelligence-driven investigation led operatives to Ondo town, where the suspect was apprehended. The operation also resulted in the recovery of the motorcycle.
During interrogation, Kehinde allegedly confessed that he had no intention of paying for the motorcycle from the outset.
He reportedly told investigators that he left Oyo State immediately after taking possession of the motorcycle, intending to convert it to his personal property because he believed he would not be traced.
The suspect also allegedly disclosed that he had been using the motorcycle for commercial activities.
The police said he remained in custody as investigations continued ahead of his arraignment before a competent court.
