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 the 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.”
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