The Ogun State Police Command has arrested a driver accused of stealing his employer’s N45 million Lexus 460 SUV and arranging to sell it in Cotonou, Benin Republic, for just N10 million.
The police said the vehicle was recovered within hours of the theft report, while one of the alleged accomplices remains at large.
According to a statement by the Command’s spokesperson, DSP Oluseyi Babaseyi, the owner reported the theft to Agbado Division at about 7pm on November 12, 2026.
The 28-year-old driver, identified as Jeremiah Jacob Emmanuel, allegedly drove his employer to the office earlier that day before taking the SUV away without authorisation.
Investigators said he allegedly claimed his wife was indisposed before taking the vehicle to meet two other men, identified as 34-year-old Akeem Olawale and Monday Keshi, who is now being sought by the police.
The suspects allegedly planned to take the Lexus to Cotonou and sell it for N10 million, despite its estimated value of N45 million.
Police detectives arrested one suspect at Agbado Crossing and recovered the SUV.
The police said the arrested suspect allegedly admitted involvement in the planned movement of the vehicle to Cotonou.
The case is expected to be transferred to the State Criminal Investigation Department, Eleweran, Abeokuta, for further investigation.
The Commissioner of Police, Bode Ojajuni, commended the detectives for their “vigilance, swift response and professionalism”, while reaffirming the command’s determination to sustain intelligence-led operations and disrupt criminal networks.