Everything We Know So Far About The 15-Year-Old Boy Used As Collateral For N8,000 Loan


The Lagos state police command has now rescued the 15-year old boy, Samuel Ajala, who was used as a collateral for N8,000 by his step-father and mother.

Punch reported that Samuel’s family needed money to meet some urgent need and so they used him as a collateral for a loan. They handed him over to a Lagos trader known as Iya Meta, who gave them N8000 as payment for the two months that he would work for her.

Samuel’s stepfather, Idowu Isiaka, explained that after he lost his job as a security guard in 2016, his wife, Samuel’s mother needed money for medications as she just had a surgery.

He then borrowed a motorcycle from a friend and was using it to work but he broke a man’s leg and he was asked to raise money for the victim’s treatment.

In order to raise the money, Samuel was taken to Iya Meta, who needed teenagers to work for her.

Iya Meta who took  Samuel as collateral for N8,000 loan alledgedly loaned him to some textiles traders on the Lagos Island, who paid her  N72,000 for him. The traders then gave him out to another family to work for them.

When Idowu got to Iya Meta’s house in Ijora Badia to take the boy back, he said she had packed out and when he called her, she said Samuel was with some people she had problems with. He claimed he was later asked to refund the N72,000 paid to Iya Meta by the textile traders, without which Samuel would be forced to work till October 2017.

The state Police Public Relations Officer, ASP Olarinde Famous-Cole, said the boy has now been rescued and all the suspects will be charged to court.

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