Why I Used My 5-Month-Old Son As Collateral – Father

police logoA man identified as Okechukwu Ibekwe on Wednesday narrated how he in connivance with his wife, Oluchi used their five- month old son, Chidera as collateral for a N400 thousand loan.
The suspect, who is currently in police net for allegedly selling his son for N500 thousand to one Chinelo based in Ihiala, Anambra State, said he needed money to restart life after he was evicted from his shop at Ladipo, Lagos, and also lost his commercial bus to inferno.
According to the 30-year-old suspect, his wife suggested that they use the baby to secure a loan, on grounds that he would collect N250, 000 while N150, 000 would be hers.
Ibekwe said: “I was a mechanic until the building that houses my shop was sold and I was evicted. I was idle for sometime, then someone gave a bus which I used for transport but the bus was consumed by fire.
“Things were very hard and I could not fend for my family. It was at the point of difficulty that my wife suggested that we should go and borrow money from one Chinelo. She’s the one who knows Chinelo and she brought her contact.
“She suggested that we should give the baby to Chinelo and collect money from her. We agreed that I will collect N25,000 so that I can travel, while N150, 000 will be paid to her account.
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