TRIBUNE
The Osun State Police Command reported on Tuesday that it had apprehended Mr. Adeniyi Talabi, a manager at one of the branches of a first-generation bank in Osogbo, for allegedly embezzling N650 million belonging to 35 bank customers.
According to a statement by the command’s spokesperson, Yemisi Opalola, the suspect is accused of carrying out the fraud by deceitfully obtaining the funds from the victims and misappropriating them through an illicit transaction known as proof of funds.
Opalola disclosed that the bank has suspended the suspect from duty and confirmed that investigations into the matter are underway.
Furthermore, she assured that Talabi and any accomplices involved would face prosecution in court once the investigation is concluded.
The statement partly read, “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).
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