Police arrest First Bank manager over alleged N650.8m fraud in Osun

By Ismail Azeez, Osogbo

A commercial bank manager at the First Bank, Osogbo branch, Adeniyi Sunday, has been arrested by Osun State Police Command over an alleged N650.8m fraud.

This was contained in a statement on Tuesday signed by the Command spokesperson, Yemisi Opalola.

The State Police PRO said Adeniyi engaged in fraud by obtaining money under false pretence.

Opalola said, “The Osun State Police Command under the leadership of CP Mohammed Umar Abba 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 six hundred and fifty million eight hundred and fifty thousand naira only (N650, 850,000) in an illegal product called PROOF of FUNDS which involved a total number of thirty five (35) victims (people).

“It is worthy to note that the said suspect has been suspended by the First Bank Nigeria Plc, his former employers.

“Investigation into the case has since commenced and the suspect and his accomplices would be charged to court upon completion of the investigation.

“The CP re-assures the good people of Osun State of the Command’s commitment to rid the State of criminal elements.

“He also warns perpetrators of crimes that Osun State will not be a safe haven or a hibernating ground for them,” she added.