Father Gives Out Baby Boy As Collateral For N180,000 Loan To Pay House Rent

father son collateral N180K loan house rent

Father Gives Out Baby Boy As Collateral For N180,000 Loan To Pay House Rent In Port Harcourt Rivers State

A man identified as Daniel Bassey and his wife have been arrested for allegedly giving out their 2-year-old son as a collateral for a N180,000 loan they obtained from an agent in Port Harcourt, Rivers state.

Cross River State Police Commissioner, Hafiz Inuwa said the duo were arrested on the 23rd of July 2018 in Calabar following a report by the child’s mother, Magdalene Bassey.

Inuwa said the mother of the boy reported to the Efut divisional headquarters that her husband took their only son, Moses Bassey, to an unknown person in Port Harcourt through one woman simply known as Mummy and collected some money.

He said,

“On July 23, 2018, one Mrs Magdalene Bassey, reported at Efut Divisional Headquarters in Calabar that her husband, Mr Daniel Bassey, took their first son to an unknown person in Port Harcourt through one woman called Mummy.

“The police immediately swung into action and arrested the suspect. During interrogation, the suspect revealed that his wife was a party to the transaction. They are now in police custody to help the police to unravel the cause of this inhuman action and face possible prosecution.”

He said efforts were on by the police to ensure that the baby was recovered.

During an interview with Southern City News on Tuesday, Daniel Bassey, confessed to the crime, adding that he gave out the child as collateral for N180,000 loan to help him pay his house rent .

“I did it based on the debt of N21,000 I collected from a friend to pay my house rent. There is no work in this rainy season and I am jobless. A guy from my area informed me that he knows a woman who lends money to people.

“That my friend told me that I can give out the child as collateral to get the money without necessarily selling him. The woman gave me N180,000 immediately after she received the child.

“After that, my mother in-law came and asked me of the child and I lied to her that I took the baby to my brother for holiday,” he said.

His wife, Magdalene, who hails from Bakassi Local Government Area of Cross River State, admitted that she consented to the act so that they could find money to pay their rent and solve other financial problems.

4 thoughts on “Father Gives Out Baby Boy As Collateral For N180,000 Loan To Pay House Rent

  1. These two are not to be called parents. An innocent boy as a collateral, that’s sad. The child shouldn’t be in their custody, not anymore.

  2. So that the madam can do what with the child now? The population of sperm and ovary donors are increasing geometrically everywhere. That child must never be returned to them. They ceased to be his parents the day they used him as collateral. In the olden days, anyone used as a collateral becomes a slave. So technically they turned a 2yr old boy to a slave. Useless people. Even the ovary donor looked like a man till I saw what looked like breast on the chest.

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