Police Arraign Insider As ₦90m Vanishes From Company Accounts In Lagos
Insider fraud often hides in plain sight, until the paper trail catches up.
That moment came in Lagos, where the Police Special Fraud Unit (PSFU) has arraigned a finance staff member over an alleged ₦90 million fraud that shook his employer’s books.
Bello Saheed Samuel, an employee of an investment firm, was docked before the Federal High Court in Lagos on charges of conspiracy and money laundering.
Investigators say he diverted company funds for personal use and laundered the proceeds through accounts of friends and relatives to mask the trail.
The Commissioner of Police, Police Special Fraud Unit Lagos, CP Kayode Ojapinwa, while reiterating the Unit’s resolve to tackle financial crimes, advised well-meaning Nigerians and corporate organisations to always engage in lawful transactions and strengthen internal control mechanisms, particularly in monitoring employees, to prevent insider abuses.
Police said the suspect fled Lagos with his family after the fraud was uncovered but was later tracked and arrested in Oye-Ekiti, Ekiti State, following investigations across South-West Nigeria.
The PSFU noted that more arrests may follow as probes continue.
The Unit’s leadership warned companies to tighten internal controls and monitor staff closely to curb insider abuse, stressing its resolve to crack down on financial crimes.
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