Police Arrest Banker Who Stole Customers’ N650m With Fake Money Doubling Scheme Called Proof Of Funds
A bank manager, identified as Mr. Adeniyi Talabi, has been arrested and is currently in police custody in connection with an alleged fraud involving N650 million belonging to 35 bank customers. The Osun State Police Command reports that the suspect allegedly carried out the fraud through a scheme known as 'proof of funds.' The bank has suspended the suspect and is cooperating with the investigation. The Osun State Police Command has arrested a bank manager, Adeniyi Sunday Talabi, for alleged fraud and financial crimes. The suspect, a 47-year-old resident of Osogbo, is accused of deceiving 35 victims and misappropriating N650,850,000 through an illegal scheme known as 'Proof of Funds.' The police spokesperson, Yemisi Opalola, confirmed that the bank has suspended the suspect and investigations are ongoing. Upon completion of the investigation, the suspect and any accomplices will face prosecution in court. The police command, under the leadership of Commissioner Mohamm
