The Ogun State Police Command has arrested a 23 year old suspect, Adeshola Muyiwa, over alleged involvement in a series of fake bank transfer scams targeting traders and residents within the Agbado area and neighbouring communities.
The arrest was carried out by detectives attached to the Agbado Division under the leadership of the Divisional Police Officer, CSP Adesanya Oyekanmi, following intelligence driven surveillance and swift investigative action.
Police authorities disclosed that the suspect was apprehended on May 17, 2026, at about 11:45am after a complaint was lodged over a fraudulent transaction involving a local food vendor at Owolanwa Junction in Agbado.
According to the Command, the suspect allegedly visited the food outlet earlier that morning, purchased food items valued at N2,600 and presented a fake bank transfer alert as evidence of payment before attempting to leave the scene.
The incident reportedly triggered immediate police intervention, leading operatives of the Agbado Division to launch a coordinated operation that resulted in the swift arrest of the suspect within hours.
Preliminary investigation by detectives revealed that the suspect had allegedly perfected a pattern of fake and scheduled transfer scams used to defraud unsuspecting traders, small business owners and residents across several communities in Ogun State.
Investigators further disclosed that during interrogation, the suspect reportedly confessed to engaging in the fraudulent scheme for a prolonged period, with proceeds from the illegal operation estimated at about N10 million.
The Police Public Relations Officer of the Ogun State Command, DSP Oluseyi Babaseyi, confirmed the development and said investigations were ongoing to uncover possible accomplices and other victims linked to the fraudulent network.
Reacting to the arrest, the Commissioner of Police, CP Bode Ojajuni, commended officers of the Agbado Division for their professionalism, vigilance and prompt response, describing the operation as another significant step in the Command’s fight against cyber enabled and financial crimes.
The Police Command also urged traders, business owners and residents to always verify payment receipts directly through banking applications and account statements before releasing goods or rendering services, while encouraging members of the public to remain vigilant and report suspicious activities through the Command’s emergency lines.