Four Bank Employees Arrested in Lagos for £138,924 International Airline Fraud
Lagos, Nigeria – The Lagos State Police Command has arrested four bank employees for allegedly orchestrating a sophisticated fraud scheme that diverted £138,924 (over ₦270 million) from international airline accounts through illicit transfers.
How the Fraud Was Uncovered
According to CSP Benjamin Hundeyin, the command’s spokesperson, the bank detected unauthorized transactions and alerted authorities, prompting an investigation that led to the arrests.
“The suspects conspired to siphon funds from domiciliary accounts into personal accounts before redistributing them to multiple destinations,” Hundeyin revealed during a press briefing at the Ikeja police headquarters on Monday.
Suspects and Recovered Assets
The arrested individuals include:
- Oluwatobiloba Olaleye (27) – Arrested on March 12, 2025, in Ogun State. A 2012/2013 Toyota Camry, suspected to be proceeds of the crime, was recovered from him.
- Oladunjoye Adegoke (33) – Arrested on March 13, 2025, in Victoria Island, Lagos. A Toyota Camry (Pencil Light model) was also seized.
- Austin Alfred (38) – Supervisor of the Trade Services Department, accused of facilitating illegal transfers.
- Jude Uzobuaku (36) – A processor in the same department, implicated in routing stolen funds to foreign accounts.
Modus Operandi
Investigations revealed that the stolen funds were first funneled into one suspect’s account before being dispersed to multiple accounts to obscure the money trail. Police are tracking additional accomplices and recovering remaining funds.
Next Steps
- The suspects are in custody and will be prosecuted.
- Authorities are expanding the probe to identify other beneficiaries.
- The police urge the public to report suspicious financial activities to curb economic crimes.
