CEOAFRICA gathered that Special Frauds Unit of the Nigeria Police has arrested five bankers of Sokoto state branch of Sterling Bank Plc for an alleged N146.7 million fraud.

The SFU spokesperson, Ngozi Isintume-Agu gave the names of the bankers as follows; Albert Nsude (32), Danladi Garba (38), Nasir Shehu (40), Daniel Adeboye (32) and Parick Jimoh (32).

The police alleged that ex-bank manager, Kayode Adeyanju, who is the primary suspect in the case, conspired with the five suspects to defraud the bank of the sum of N146, 782,980, by manipulating the Sokoto State Board of Internal Revenue account domiciled with the branch.

The spokesman also revealed that the five suspects (apart from Adeyanju), were apprehended and they all admitted during investigation that they granted various illegal loans to some private companies and local government department through the instruction of the ex-bank manager, who is still at large.