One month after securing a court judgement ordering Soyombo Sosinmi Olajide, an Ogun-based car dealer, to refund N4 million with interest and costs, Oscar Josiah, a Lagos businessman, is still struggling to recover his money from him.
The businessman told FIJ on Thursday that despite the judgement of the Lagos Small Claims Court, Olajide, whom he knew as the owner of Mistimonta Nigeria Enterprise, had neither complied with the court order nor stopped advertising vehicles for sale on social media.
HOW THEIR BUSINESS RELATIONSHIP STARTED
Josiah said he first got to know Olajide around 2020 or 2021 through a trusted friend who recommended him as a reliable vehicle dealer.
Although they had never met physically, he bought a vehicle through Olajide, and the transaction was completed successfully, with the car delivered to him in Lagos.
“That successful experience established trust between us,” Josiah told FIJ.
In early 2025, he decided to change his vehicle and again patronised Olajide. Another swap was arranged, and the replacement vehicle was delivered.
However, after the vehicle began to hum, Olajide assured him he could exchange it whenever he was ready.
N200,000 BAIL REQUEST AND VEHICLE DEAL
Towards the end of 2025, Josiah contacted Olajide about another vehicle upgrade, but all the dealer’s phone numbers and WhatsApp lines were switched off.
“This was unusual for someone actively running a vehicle business, and it immediately raised concerns,” he said.
Concerned, he repeatedly tried reaching Olajide without success. Even the mutual friend who introduced them could not establish contact with the car dealer.
Eventually, one of his employees found Olajide’s sibling on Facebook, and they collected his phone number.
On December 29, 2025, Olajide called him from another number.
Josiah requested a video call and said Olajide appeared to be in a detention facility. After confirming his identity through their mutual friend, Olajide explained that he had been detained following a dispute, had exhausted his funds and needed N200,000 to secure his release.
“He assured me that once released, we would conclude my vehicle transaction,” Josiah said.
Trusting him, Josiah transferred the N200,000 on the same day.
The N200,000 to Olajide on December 29, 2025
Receipt of the N200,000 transfer to the car dealer on December 29, 2025.
Following his release, Olajide sent him several vehicles to choose from. Josiah selected a Nigerian-used 2011 Toyota Venza valued at N8 million.
The parties agreed that Josiah’s existing vehicle would be valued at N4 million, leaving a balance of N4 million.
Josiah paid N1.8 million as an initial payment, bringing his total payment to N2 million, including the N200,000 he had sent earlier on December 29, 2025.
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