Bank manager arrested over N650m scam

The Osun State Police Command has arrested a 47-year-old bank manager, Talabi Adeniyi, for defrauding about 35 persons of N650 million for ‘Proof of Fund’.

A statement by the Police Public Relations Officer, Yemisi Opalola, stated that Talabi is a serial fraudster who under the guise of providing Proof of Fund to scam his victims.

She stated: “Talabi, a resident of Army Barracks Area, Kelebe, Iragbiji road, Osogbo, a manager in one of the bank branches in Osogbo has been arrested for an offence of fraud, obtaining money under false pretence (OBT), conversion and stealing.

“He stole money amounting to N650, 850,000 in an illegal product called PROOF of FUNDS which involved a total number of 35 victims.

“It is worthy to note that the said suspect has been suspended by his former employers. Investigation into the case has since commenced and the suspect and his accomplices would be charged to court upon completion of the investigation.”