The Lagos State Police Command has taken four bank employees into custody for allegedly participating in a complex fraud and money laundering operation that siphoned over £138,924 (more than ₦270 million) from international airline accounts.
CSP Benjamin Hundeyin, the command’s spokesperson, confirmed the arrests during a news briefing on Monday at the state police headquarters in Ikeja.
According to CSP Hundeyin, “The suspects conspired to siphon funds from domiciliary accounts into personal accounts before redistributing them to multiple destinations.
“The fraud was uncovered when the affected bank detected unauthorized transactions and alerted the police.”
The spokesperson further said: “Subsequent investigations led to the arrest of the following suspects: Oluwatobiloba Olaleye, male, aged 27, was arrested on March 12, 2025, in Ogun State. A Toyota Camry 2012/2013, suspected to be a proceed of the crime, was recovered from him.
“Oladunjoye Adegoke, male, aged 33, was arrested on March 13, 2025, in Victoria Island, Lagos. A Toyota Camry (Pencil Light), suspected to be another proceed of the stolen funds, was also recovered.
“Further investigation led to the arrest of Austin Alfred, male, aged 38, the Supervisor of the Trade Services Department, and Jude Uzobuaku, male, aged 36, a processor in the same department. Both facilitated the illegal transfer of funds to foreign accounts.”
Investigations by the police revealed that the stolen money was initially deposited into an account owned by one of the suspects before being distributed across several other accounts to complicate tracking. Efforts are ongoing to identify more suspects and retrieve the remaining funds.
“The suspects are in custody and will face prosecution as the investigation continues,” CSP Hundeyin stated.
The police have encouraged the public to report any suspicious financial activities, reaffirming their dedication to tackling economic crimes.
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