Lagos Police Arrest Four Bank Employees for ₦270 Million Money Laundering Scheme That Diverted International Airline Funds, Recover Stolen Vehicles
LAGOS – The Lagos State Police Command has arrested four bank employees for their alleged involvement in a sophisticated fraud and money laundering scheme that diverted over £138,924 (more than ₦270 million) from international airline accounts.
Speaking at a press briefing on Monday, Command spokesperson CSP Benjamin Hundeyin revealed that the suspects conspired to siphon funds from domiciliary accounts into personal accounts before redistributing them. The fraud was uncovered when the affected bank detected unauthorized transactions and alerted the police.
Among those arrested were:
- Oluwatobiloba Olaleye (27): Apprehended in Ogun State on March 12, 2025. A Toyota Camry (2012/2013), suspected to be a proceed of the crime, was recovered.
- Oladunjoye Adegoke (33): Arrested in Victoria Island, Lagos, on March 13, 2025, with a Toyota Camry (Pencil Light) linked to the fraud.
- Austin Alfred (38) and Jude Uzobuaku (36): Both worked in the bank’s Trade Services Department and allegedly facilitated the illegal transfers to foreign accounts.
Investigations revealed that the stolen funds were first funneled into an account belonging to one of the suspects before being moved to multiple destinations, making it harder to trace. Authorities are now working to track down other accomplices and recover the remaining funds.
CSP Hundeyin confirmed that the suspects remain in custody and will face prosecution. The police have urged the public to report suspicious financial transactions as they intensify efforts to combat economic crimes.
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