First bank manager arrested for stealing N650m from customers account in Osun

First bank manager arrested for stealing N650m from customers account in Osun

The Osun State Police Command announced on Tuesday, May 14, the arrest of a man identified as Adeniyi Talabi, a mana

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The Osun State Police Command announced on Tuesday, May 14, the arrest of a man identified as Adeniyi Talabi, a manager at a branch of First Bank in Osogbo.

Talabi stands accused of embezzling N650 million belonging to 35 bank customers.

According to the police spokesperson, Yemisi Opalola, the suspect allegedly obtained the funds through fraudulent means, utilizing a deceptive transaction termed as proof of funds.

Opalola stated that the bank has suspended Talabi pending further investigation.

The police spokesperson assured that investigations are underway and progressing smoothly. Upon completion, Talabi and any accomplices will face charges in court.

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, Mohammed Umar, reiterated the command’s dedication to eliminating criminal activities within Osun state.

He issued a stern warning to criminals, emphasizing that Osun would not provide refuge or sanctuary for their illegal activities.