The Lagos State Police Command has arrested four bank employees for their alleged role in a fraud and money laundering scheme that diverted over £138,924 (N270 million) from international airline accounts.

The police spokesperson, Benjamin Hundeyin, revealed this during a press briefing at the Lagos police headquarters in Ikeja.

According to the police, the suspects moved money from domiciliary accounts into personal accounts before transferring it to different destinations.

The fraud came to light when the affected bank noticed unauthorized transactions and reported it to the police. After an investigation, officers arrested the following individuals:

• Oluwatobiloba Olaleye (27 years old) – Arrested in Ogun State on March 12, 2025. The police recovered a Toyota Camry 2012/2013, suspected to have been bought with stolen money.
• Austin Alfred (38 years old) – Supervisor of the bank’s Trade Services Department.
• Jude Uzobuaku (36 years old) – A processor in the same department.

Police investigations revealed that the stolen funds were first deposited into an account belonging to one of the suspects before being distributed to multiple other accounts, making it harder to track.

The police are urging the public to report any suspicious financial activities. They have also assured Nigerians that they are committed to fighting economic crimes and holding fraudsters accountable.