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Man loses 2-year-old son to loan sharks after using him as collateral

Man loses 2-year-old son to loan sharks after using him as collateral

- The Police Command in Cross River has arrested a couple for allegedly trafficking their 2-year-old son

- According to reports, the father had given out his son to a woman in Port Harcourt as loan collateral

- The mother of the boy was also said to be involved and both parties have since been arrested

While may people are praying a child to carter for, this Nigerian couple have thought of horrible ways to use theirs. A Cross River-based couple have been arrested for trafficking their 2-year-old son.

According to the Commissioner of Police, Mr Hafiz Inuwa, who presented the suspects to journalists on Spetember 4 in Calabar, the couple was arrested on July 23 in Calabar after a report by the mother of the child, Mrs Magdalene Bassey.

According to him, the mother of the child reported to the police that her husband identified as Daniel Bassey, gave out the child to a trafficking agent for an undisclosed amount of money. This prompted the police to arrest Daniel.

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Man loses 2-year-old son to loan sharks after using him as loan collateral

A model depicting an agreement Source: Instagram

“On July 23 2018, one Mrs Magdalene Bassey reported at Efut Divisional Headquarters in Calabar that her husband, Mr Daniel Bassey, took their first son to an unknown person in Port Harcourt through one woman called `Mummy’. The police immediately swung into action and arrested the suspect. During interrogation; the suspect revealed that his wife was a party to the transaction. The duo are now in police custody to unravel the cause of this inhuman action and possible prosecution,”

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After his arrest, the father of the boy revealed that he gave out the child as collateral for N180,000 to help him pay his house rent.

In his words: "I did it based on the debt of N21,000 I collected from a friend to pay my house rent. There is no work in this rainy season and I am jobless. A guy from my area informed me that he knows a woman who lends money to people.

That my friend told me that I can give out the child as collateral to get the money without necessarily selling him. The woman gave me N180,000 immediately after she received the child.After that, my mother in-law came and asked me of the child and I lied to her that I took the baby to my brother for holiday,”

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