The Osun State Police Command announced on Tuesday the apprehension of a manager at an Osogbo branch of a first-generation bank, Mr. Adeniyi Talabi, on allegations of embezzling N650 million belonging to 35 bank customers.
According to a statement by the State Police Command’s Spokesperson, Yemisi Opalola, the suspect is accused of fraudulently obtaining the funds from the victims and misappropriating them through an illicit transaction known as proof of funds.
Opalola revealed that the bank has suspended the suspect from duty and confirmed that investigations into the matter are ongoing.
She further assured that Talabi and any accomplices involved would face prosecution in court once the investigation is concluded.
The statement 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.”
She also mentioned that the state Commissioner of Police, Mr. Mohammed Umar, reassured residents of the command’s commitment to rid the state of criminal elements. He warned perpetrators of crimes that Osun would not be a haven or a hibernating ground for them.
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