Lagos Car Dealer Faces N40m Loss After Theft Attempt

Chima Edmund, founder of Mayor and Sheiks Autos, accused the Lagos State Police Command of releasing a suspect who attempted to steal a 2025 Toyota Tundra pickup worth approximately N130m from his showroom in Victoria Garden City, Lekki, Lagos State. The incident occurred on a Monday when the suspect, posing as a prospective buyer, requested to inspect the vehicle.

After engaging the gear, he drove off, leading to a pursuit by Edmund's staff. The suspect crashed the vehicle into a canal in Ajiran while trying to escape.

Edmund reported that the crash caused about N40m in damages, including repairs to the vehicle and a barricade damaged during the incident. He also incurred costs for the treatment of injured individuals and the suspect's medical care, as the suspect was not detained due to his injuries.

The case was reported to the Ajah Police Division and later transferred to the State Criminal Investigation Department, Panti, Yaba.