Osun: First Bank Manager Arrested Over Alleged N650m Fraud

A first Bank Manager, Adeniyi Talabi (47), has been arrested by operatives of Osun State Police command for allegedly defrauding his victims to tune of N650, 850,000

Talabi, who resides at Army Barracks Area, Kelebe, Iragbiji road, Osogbo, was nabbed over alleged fraudulent scheme.

According to the Public Relations Officer (PPRO), Yemisi Opalola in a statement on Tuesday, said Talabi, a suspected serial fraudster, was arrested for engaging in “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)”.

The PPRO further said the suspect racked the said amount from an illegal product called PROOF of FUNDS which involved a total number of thirty five victims.

Opalola also noted that the police has launched investigations into the case and assured that the suspect as well as his accomplices would be charged to court upon completion of the investigation.

“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”.

Ends