Osun Teenager Scammed N326,000 In Online Scheme
A 19 year old boy, Taoheed Olaniyan has been arraigned before an Osun State Magistrate Court sitting in Osogbo over alleged involvement in an online investment scam amounting to #326,000.
Olaniyan was dragged before the court by the state Police Command, on a two-count charge bordering on false pretence and stealing.
The prosecutor, Inspector Kayode Adepoju said the suspect committed the offence on January 2, 2026, at about 4pm, at Koledowo estate, Ibuaje Community, behind Ilesa garage, Osogbo.
According to him, “Taoheed fraudulently obtained and stole the sum of N326,000, the property of one Baruwa Augustine Oluwabukola, and thereby committed an offence contrary to and punishable under Sections 390(9) and 419 of the Criminal Code, Cap 34, Vol. II, Laws of Osun State of Nigeria 2003.”
Inspector Adepoju further explained that the defendant met his 16-year-old victim on WhatsApp and introduced her to a Ponzi scheme, instructing her to pay N2,000 to earn N10,000. The victim then began sending money from her mother’s bank account.
In her statement, the victim’s mother said, “My daughter has the password to my bank account, and she transferred the money. I had warned her against participating when Taoheed introduced her to the scheme, but she went ahead unknowingly.”
Taoheed pleaded not guilty to the charges, while his counsel, Najite Okobe, applied for bail on the most liberal terms.
The presiding chief magistrate, Dr. Olusegun Ayilara, granted bail in the sum of N500,000 with one surety in like sum.
The matter was adjourned to February 19, 2026, for mention.
Yusuf Oketola is a trained journalist with over five years of experience in the media industry. He has worked for both print and online medium. He is a thorough-bred professional with an eye of hindsight on issues bothering on social justice, purposeful leadership, and a society where the leaders charge and work for the prosperity of the people.
