Police Arraign Lagos Employee Over ₦90 Million Fraud

By Mercy Omotosho

The Police Special Fraud Unit (PSFU), Lagos, has arraigned Bello Saheed Samuel before a Federal High Court in Lagos for conspiracy and money laundering in connection with an alleged ₦90 million insider fraud.

The suspect, an employee in the finance department of an investment company, is accused of diverting company funds for personal use.

Following a formal complaint by the affected company, PSFU operatives launched an investigation that revealed the suspect had fled Lagos with his family in an effort to evade justice. He was eventually apprehended in Oye-Ekiti Local Government Area of Ekiti State.

Investigations further uncovered that the suspect laundered the proceeds of the fraud through the bank accounts of friends and relatives to conceal the source of the funds.

Authorities say the probe is ongoing to identify and arrest other individuals allegedly involved.

Commissioner of Police, PSFU Lagos, Kayode Ojapinwa, urged Nigerians and corporate organizations to engage in lawful transactions and strengthen internal control mechanisms to prevent insider fraud.

The case has been committed to trial, and the suspect remains in custody as proceedings continue.

DSP Ovie Kenneth Ewhubare, Police Public Relations Officer, confirmed the arraignment on behalf of the Commissioner of Police.