Police nab operators of illegal Micro finance bank, recover money

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The Oyo State Police Command has arrested 10 suspects, who operated an illegal Micro finance bank and recovered a sum of N961,375 from them.

Command has arrested 10 suspects, who operated an illegal Micro finance bank and recovered a sum of N961,375 from them.The state commissioner of police, Shina Olukolu disclosed this to journalists on Thursday while presenting the suspects at the command’s headquarters in Ibadan.

He said his officers led by Muhammed Jamiu, an assistant superintendent of police, swung into action and apprehended the suspects. “The suspects after receiving huge unaccounted amount of money from their customers in Lokoja, decided to abscond with the money to Ibadan and Lodge at S.L hotel, Boluwaji area, Ibadan, before they were arrested,” Mr Olukolu said.

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