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Osun police arrest bank manager for stealing N650m

The Osun State Police Command announced on Tuesday the arrest of Mr. Adeniyi Talabi, a manager at a branch of a first-generation bank in Osogbo, for allegedly stealing N650 million from 35 customers.

According to a statement by the command’s spokesperson, Yemisi Opalola, Talabi obtained the funds under false pretenses and executed the theft through an illegal transaction known as proof of funds.

Opalola mentioned that Talabi has been suspended by the bank and that the investigation is proceeding smoothly. She also stated that Talabi and his accomplices will be charged in court once the investigation is complete.

The statement partly read, “The Osun State Police Command in its efforts to rid off criminal elements from the state has arrested a serial fraudster, one Adeniyi Sunday Talabi, ‘m’ 47 years, a resident of Army Barracks Area, Kelebe, Iragbiji Road, Osogbo, a manager in one of the First Bank PLC branches in Osogbo for an offence of fraud, Obtaining money under false pretence (OBT), Conversion and Stealing amounting to the sum of N650, 850,000 in an illegal product called PROOF of FUNDS which involved a total number of 35 victims (people).

“It is worthy to note that the said suspect has been suspended by the First Bank Nigeria Plc, his former employer. Investigation into the case has since commenced and the suspect and his accomplices will be charged to court upon completion of the investigation.”

The state Commissioner of Police, Mr. Mohammed Umar, assured residents of the Osun State Police Command’s dedication to eliminating criminal elements and warned that the state would not be a safe haven for criminals.