Operatives of the Agbado Division of the Ogun State Police Command have arrested a 23-year-old suspect, Adeshola Muyiwa, over alleged involvement in fake bank transfer scams targeting traders and business owners in parts of Ogun State.
The suspect was reportedly apprehended on Sunday following a complaint that he used a fake payment alert to purchase food items from a vendor at Owolanwa Junction in Agbado.
According to the police, the incident occurred around 8am when the suspect allegedly bought food worth N2,600 and presented a fraudulent transfer notification as evidence of payment.
The arrest was later effected at about 11:45am after the matter was reported to the division.
In a statement shared via X on Monday, the police said preliminary investigations revealed that the suspect had allegedly been operating a pattern of fake and scheduled transfer scams across several locations within the Agbado area and neighbouring communities.
The statement added that Muyiwa allegedly confessed during interrogation to defrauding multiple victims through the scheme over a period of time.
Police authorities claimed that the suspect admitted to swindling unsuspecting traders and residents of approximately N10m through the fraudulent activities.
Speaking on the development, the Commissioner of Police in Ogun State, Bode Ojajuni, reaffirmed the command’s commitment to tackling financial crimes and cyber-enabled fraud across the state.
Ojajuni also advised traders, shop owners and service providers to always verify payment receipts directly through their banking platforms before releasing goods or rendering services to customers.
“Residents, particularly traders and business owners, should always confirm receipt of payments through their banking platforms before releasing goods or rendering services,” the police commissioner said.
The command said investigations into the matter are ongoing.
