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Fake Lagos bank: How we arrested operators in Ibadan – Police

The Oyo State Police Command arrested ten suspects, who operated an illegal microfinance bank called STAAGMART Nigeria Limited, located in D69 Oyingbo, Lagos state, and recovered a sum of N961,375.

The state police commissioner, Shina Olukolu, revealed this to journalists on Thursday while presenting the suspects to journalists at the headquarters of the Ibadan command.

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Olukolu said the command received information from the public on July 30 that some thugs suspected of being armed robbers stayed at the S.L hotel in the Boluwaji area of ​​Ibadan.

He said his ASP-led officers Muhammed Jamiu acted and arrested the suspects. Olukolu explained that one of the suspects, who claimed to be the Executive Director of the bank, said the bank was located in the state of Lagos but operated in Lokoja, capital of the state of Kogi.

“The company is a financial institution and is willing to grant soft loans to its customers. “Customers must invest the sum of N30,000 and more to be entitled to 10 percent of the total money spent within five days.

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“The suspects after receiving a huge amount of uncounted money from their clients in Lokoja, decided to escape with the money to Ibadan and Lodge at the S.L hotel, Boluwaji area, Ibadan, before being arrested,” said Olukolu.

The police commissioner said the exhibition in possession of the suspects is a sum of N961,375, Staagmart Nigeria Ltd., documents, certificate of incorporation and a criminal charm.

He said all the suspects have confessed to having committed the crime and would be charged in court as soon as the investigation is completed.

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One of the suspects, in an interview, told the Nigeria News Agency (NAN) that they fled from Lokoja when their clients wanted to attack them because they could not keep their promises.

The police commissioner advised the public to distrust Okada passengers who transport two passengers, especially early in the day or late at night.