Stella Dimoko Banker Waives N15m Loan After Businesswoman Settled Him In 'Kind'


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Tuesday, December 11, 2018

Banker Waives N15m Loan After Businesswoman Settled Him In 'Kind'

At Ikeja High Court yesterday, proceedings took an unusual dimension yesterday when an excerpt of a video tape between a married father of three and his former lover was played in the courtroom.

The father of three, Peter Omokaro, according to the News Agency of Nigeria (NAN), is a former banker, while his former lover, Titilayo Nosa-Igiebor, is a businesswoman. Omokaro, who is in his early 60s, had sued Nosa-Igiebor (33), for not repaying an alleged N15 million loan he gave her during their relationship.

The tape was played when Mr. Victor Okpara, counsel to Nosa-Igiebor, led her in evidence. The video which played for more than an hour showed Omokaro and Nosa-Igiebor lying in bed in a hotel room, agreeing to the terms of the loan before engaging in s#xual intercourse.

Omokaro could be heard in the video, before signing the agreement, saying: “I hope I am not signing my death warrant.” He was also heard telling Nosa-Igiebor that he had no intention of getting the loan back.

The defendant’s counsel tendered a copy of the loan agreement in evidence. The counsel told the court that ‘Clause Five’ of the agreement exempted Nosa-Igiebor from repaying the loan because of their s#xual relationship.

Clause Five of the agreement, which pertains to waiver of rights, states: “Peter forever waives all rights to loan payback, forfeiting totally loan given if Titilayo agrees to and has s#xual intercourse with Peter.” Earlier in her evidence, the defendant told the court that Omokaro never gave her the N15 million although he promised to give her without collecting it back. 

The businesswoman testified that Omokaro became vindictive after their relationship turned sour. She told the court that the former banker intended to punish her for the soured relationship by taking her to court.

While being cross-examined by Mr. Jerry Omoregbe, counsel to Omokaro, the defendant testified that besides being Omokaro’s lover, she had a business relationship with him through her company, Tilimanjaro Nig. Ltd. and Nichole Integrated Ltd. (Omokaro’s companies). She said: “Tilimanjaro was my first company. I had no prior experience; I was still setting up at the time.

I went to meet Peter, my boyfriend at the time, to assist me in giving my brother, Ahmed, money for aviation school. “Peter, my boyfriend, said that he would give me the money as a gift and that we should draft an agreement so that my brother could see that it was serious and take his schooling serious.“He invited me to the hotel as shown in the video. He agreed that I should make the agreement, and I drafted the agreement in my letterhead. The agreement was between Peter Imafidon Omokaro and Titilayo Nosa- Igiebor. “The friendly loan was never given to me.

That agreement was signed on May 15, 2011, which was a Tuesday. He said he would pay the money into my brother’s account on Thursday but he never did.” Justice Raliatu Adebiyi adjourned the case till February 20, 2019, for adoption of written addresses. Omokaro had accused Nosa-Igiebor of stealing his Toyota Venza 2010 model with registration number CT370FKJ valued at N2 million as well as N106 million. Nosa-Igiebor was initially arraigned before an Igbosere Magistrate’s Court in Lagos in April 2012 and remanded at the Kirikiri Prisons following her failure to meet her bail conditions.

The former lovers later agreed to settle their dispute out of court, with Nosa-Igiebor returning the car and other property given to her by Omokaro during their relationship. However, Omokaro instituted a civil suit against Nosa-Igiebor before an Ikeja High Court following her failure to refund the alleged N15 million loan. He had submitted that he gave the defendant the loan as a business partner and not a lover.

The former banker also told the court that the loan was not a gift but meant to be paid back.
New telegraph

*OMG she taped the encounter between them without his approval....Its wrong!!!


  1. Hahaha! Bomb pussy!

    1. When pussy is laced with 🍯 honey and the head is filled with hot air.


  2. When pussy clouds up your judgement! Foolish man!

  3. Ha, na today Naija girls dey carry tohtoh get loan?
    Una no see say the woman prepare well well. Una never hear about "tohtoh lease"; where persin dey loan tohtoh to one sugar papa like dat come deceive am say na only am dey pound but a plenti men like am don dey pound the fufu tey tey.

  4. If she didn't tape it how would she be free from the man's mess?
    The woman been know saw something of this nature fit crop up. Hence the taping.

  5. The girl didn't come to play, I bet my ass that she is not telling the truth. He didn't give you the money yet you have a video as evidence...evidence to what? Money that was not given?.

    She would Have insisted the loan was a gift instead of lieing it never happened because the video said otherwise.

  6. Stella what do you mean it was wrong for her to tape him? She probably knew that he had a vindictive manner of approach to things and that was why she had to protect herself.

    Infact the man should forget the case,because with that evidence he has lost the suit against her.


  7. Punani doing men strong thing since 1960.

    1. Same 1960 Nigeria gained independence, yet slavery to pussy & religion has remained.

  8. Stella i am shocked at that your comment.... is that how you supposed to be lifting your fellow up? She was veery smart to have recorded it. now it is what is saving her and the foolish shameless man didnt even give her the money. If he gave her the money he would have had proof. Women y'all need to be this smart. foolish He goat

  9. Stella you are funny oh! What do you mean by it's wrong without the man's consent

  10. The ikpu neme
    Don't ask me to translate
    Sterra post dis o

  11. i was in court for this matter.

  12. Wise woman. This is what we are saying. If you want to chop frog, chop the one wey egg dey. Woman wey dey do runs without sense or jazz is wasting her sin. I support her video evidence. She entered with her eyes wide open. Good for the man.

  13. Wow, had to take off my bra for this. So my fellow woman get this type of money using tohtoh while me dey find who go just dey bang me for drinks. Not fair but I go change style now. Lemme go buy a secret tape recorder.

  14. wetin this man son go dey think now?

  15. Wow!
    This ikpu no be small thing o. But she was wrong to record it. She has no shame.
    This man is just a weak ass, good for nothing goat in man's clothing . .. Lol, since he signed an agreement why bother ?

  16. Ha! Na wa for dis man o! So he lost all this on top Woman Vjay Jay? Tueh! Pleasure he would have gotten from his wife for free. Foolish man.

  17. Thank you @ vivacious, free oo from the wife,lack of self control

  18. That is the power of a woman vjay jay.

  19. Wawu!!! Foolish man, foolish woman. Money and sex be destroying lives since forever

  20. I wonder what journalism has become that press guys don’t verify their story before maligning hardworking Nigerians. The story is that of a sinking woman running away from the company obligations. Journalists ought to get the proceedings as the case of debt was between NIchole Integrated Ltd and Tilimanjaro ltd of which Nosa Igiebor was the chairman of the company giving credibility to the company. This woman admitted company borrowing when confronted with evidence. I challenge any responsible journalist to obtain that day’s proceedings and they would see that they were sold a scam by Titilayo. Judgement would be given by June next year and the lady would pay the debt with interest


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