Ekiti: Man arrested for allegedly stealing employer’s N90m

An employee of an investment company, Bello Saheed Samuel, has been arrested for allegedly diverting over ₦90 million belonging to his employer.

The suspect was apprehended in Ekiti State, where he reportedly fled with his family after the alleged fraud was uncovered.

Investigations revealed that he allegedly laundered the company’s funds through the bank accounts of friends and family members in an attempt to conceal the source of the money.

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Saheed was arrested by operatives of the Police Special Fraud Unit (PSFU), Lagos, following a formal complaint lodged by the affected company.

The spokesperson of the unit, Kenneth Ovie, confirmed the arrest in a statement issued on Tuesday.

According to Ovie, the Police Special Fraud Unit, under the leadership of Commissioner of Police Kayode Ojapinwa, has arraigned the suspect before the Federal High Court in Lagos on charges bordering on conspiracy and money laundering, in connection with an alleged insider fraud amounting to about ₦90 million.

The statement noted that the suspect, who worked in the finance department of the investment company