Crime Africa

Nigerian bank manager arrested for allegedly stealing N650 million from 35 customers

The Osun State Police Command announced the arrest of one Mr. Adeniyi Talabi, a manager at a branch of a major bank in Osogbo, for allegedly embezzling N650 million from 35 bank customers.

This development follows shortly after a court sentenced Nwachukwu Placidus, a former manager of a well-known bank in Onitsha, Anambra State, to 121 years in prison for embezzling N112 million from a customer.

Manager, accomplices to be arraigned

According to Punch, Yemisi Opalola, the command’s spokesperson, said that Talabi committed the fraud by deceiving the victims and siphoning the funds through an illicit method known as proof of funds.

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).”

Opalola mentioned that the bank has suspended Talabi and that the investigation is progressing well.

She also stated that Talabi and his accomplices will face charges in court once the investigation is concluded.

She added that the state Commissioner of Police, Mr. Mohammed Umar, has reaffirmed the command’s dedication to eliminating criminal activity within the state.

She cautioned criminals that Osun will not serve as a refuge or hiding place for them.

In a previous report, Legit.ng reported that a former staff of Stanbic-IBTC Bank, Ajayi Olusola, was arraigned in court by the police for allegedly defrauding the bank of N205 million.

According to FITC’s “Report on Frauds and Forgeries in Nigerian Banks”, only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023.

 

Source: www.legit.ng

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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