Police in Osogbo arrest First Bank manager, Adeniyi Talabi for embezzling N650 million customers money
Osun State Police Command on Tuesday May 16, 2024 arrested one Mr. Adeniyi Talabi, a First Bank Branch Manager in Osogbo, for allegedly embezzling N650 million belonging to 35 of customers of the bank.
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.
She asserted that Talabi and any accomplices involved in the fraudulent act would face prosecution in court once the investigation is concluded.
The statement partly read, “The Osun State Police Command in its efforts to rid of 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 said the state Commissioner of Police, Mr Mohammed Umar, re-assured residents of the command’s commitment to rid the state of criminal elements and warned perpetrators of crimes that Osun would not be a haven or a hibernating ground for them.
