In a significant development, the Osun State Police Command has announced the arrest of Mr. Adeniyi Talabi, a bank manager at a first-generation bank branch in Osogbo, for his alleged involvement in the misappropriation of funds totaling N650 million belonging to 35 customers of the bank.
According to a statement
released by the spokesperson of the command, Yemisi Opalola, the arrest follows
investigations into fraudulent activities where Talabi purportedly acquired the
substantial sum through deceitful means, utilizing an illicit transaction known
as proof of funds.
Opalola underscored that
Talabi, who resides in Army Barracks Area, Kelebe, Iragbiji Road, Osogbo, has
been suspended by his former employer, First Bank PLC, in connection with the
ongoing probe.
She affirmed, "The Osun
State Police Command, in its unwavering commitment to eradicating criminal
activities within the state, has apprehended a serial fraudster, Adeniyi Sunday
Talabi, aged 47, for offenses including fraud, obtaining money under false
pretenses, conversion, and stealing, amounting to N650,850,000 through the
illegal scheme known as PROOF of FUNDS, involving 35 individuals."
Emphasizing the seriousness of
the matter, Opalola assured that investigations are progressing diligently and
that all individuals implicated, including Talabi's accomplices, will face
legal proceedings upon the completion of the inquiry.
Furthermore, the Commissioner
of Police for Osun State, Mr. Mohammed Umar, reiterated the command's
dedication to purging the state of criminal elements. He issued a stern warning
to wrongdoers, asserting that Osun will not harbor or tolerate criminal activities
within its borders.
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