Bank Manager Arrested By Police In Osun Over Alleged N650.8m Fraud

A First Bank Branch Manager in Osogbo identified as Adeniyi Sunday Talabi has been arrested by the Osun State Police Command for allegedly defrauding unsuspecting people with the sum of N650,850,000 under false pretence in an illegal Proof Of Funds (POF).

While confirming the arrest in a Press Release, the Police Public Relations Officer (PPRO), SP Yemisi Opalola, alleged that Talabi was arrested for allegedly defrauded 35 people in the criminal acts, noting that the suspect has been suspended by the management of the bank.

According to Opalola, “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.”