A Lebanese and bureau de change operator, Aly Sayad, has been accused of absconding with $487,700 (about N170m) in the Victoria Island area of Lagos State.
It was learnt that three businessmen had approached the suspect in his office on Idowu Taylor Street, Victoria Island, to help them change $487,700 to naira.
He was alleged to have left the men in the office after collecting the money, saying he was going to the bank to transfer the naira equivalent to their various bank accounts.
After waiting for hours, the victims were said to have gone to the bank where Sayad claimed he was going to do the transaction, but could not find him.
He was alleged to have fled with the money.
The case was reported at the Bar Beach Police Division, where a manhunt was launched for the suspect. The Police Public Relations Officer, Dolapo Badmos, confirmed the incident, adding that nobody knew the address of the suspect.
Badmos, a Superintendent of Police, said,
“We are on his trail. The unfortunate thing is that nobody knows his address. We have transferred the matter to the State Department of Criminal Investigation, Yaba, for further investigation. We will surely get him.