Police arrest two over N713.9m bank fraud syndicate
The Nigeria Police Force has uncovered a syndicate responsible for diverting N713.9 million from customers’ bank accounts. Two suspects, Oguntoyinbo Olawale and Kazeem Omokayode, were arrested after a financial institution reported unauthorised debits. The operation was led by the Police Special Fraud Unit, with investigations revealing a coordinated money laundering scheme. DCP Anthony Placid and Inspector-General Olatunji Disu highlighted the police’s ongoing commitment to fighting financial crimes.
What happened
- The Police Special Fraud Unit uncovered a syndicate that diverted N713.9 million from customers’ accounts.
- Two suspects, Oguntoyinbo Olawale and Kazeem Omokayode, were arrested in connection with the crime.
- Investigations showed that 15 customers’ accounts were compromised and funds were laundered through multiple accounts.
- The suspects allegedly conspired with a Chinese national, Linda, who is currently at large.
- The arrested suspects will be arraigned in court, while efforts continue to apprehend other syndicate members.
