Man arrested for killing his friend over an unpaid loan

Police operatives in Yobe State have arrested a 24-year-old businessman, identified as Yunus Isa, in connection with the death of his friend and business partner, Lawan Adamu.

It was gathered that the suspect allegedly caused the death of the deceased in an attempt to avoid repaying a N500,000 loan he had borrowed from him.

SaharaReporters reports that the deceased and Isa were traders, selling engine oil and other lubricants in Damaturu, the Yobe State capital.

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He reportedly took the N500,000 credit facility on false pretence of starting a new outlet with an agreed profit sharing formula. But he later used the capital to marry a wife.

After repeated failure to remit the agreed percentage of the sharing formula, Lawan demanded a refund of his capital, consequent upon which Isa lured his victim to a solitary area of Shago Tara, and st@bbed him multiple times.

He committed the act on Sunday, September 15 and was arrested the following day, September 16.