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First Bank Manager Arrested For Allegedly Stealing Customers’ N650m 




The Osun State Police Command, have said that they have arrested a manager in one of the branches of First Bank Plc in Osogbo, Mr Adeniyi Talabi, for allegedly stealing the sum of N650 million belonging to 35 customers of the bank.


A statement by the Police Public Relations Officer (PPRO) of the command, Yemisi Opalola, claimed that the suspect perpetrated the fraud by obtaining the said amount under false pretenses from the victims and stealing the amount through an illegal transaction called proof of funds.


The PPRO who noted that the suspect had been suspended by the bank, added that an investigation into the case was progressing smoothly and that Talabi and his accomplices would be charged to court upon completion of investigation by the police.


The police statement reads in part: “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.”


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