Mr. Akin was a Head of Operations at First Bank for 6 years. He felt his salary couldn’t support his desired lifestyle. He then teamed up with armed robbers to rob his branch. He gave them key information about the bank—that on Saturday they opened for a few hours, and only two guards worked on Sunday. He also gave them the vault room details.
One robber entered on Saturday, hid in the ceiling via the bathroom, and was locked inside when the bank closed. On Sunday morning around 4 a.m., he opened a secret exit door. Then three more robbers entered while the two guards were deep asleep. They looted huge amounts of naira and foreign currencies from the vault using Mr. Akin’s instructions, then escaped the same way.
On Monday, the vault was found empty. Police were called and the branch was closed. Duty guards were arrested. All staff were investigated and banned from leaving town. Police searched homes quietly, starting from the GM.
When they reached Mr. Akin’s house, he resisted and called his manager who said his own house had already been searched. Police entered and found large sums of cash—naira and dollars—and arrested him. He confessed fully and gave the robbers’ details.
He has been sentenced to 15 years imprisonment.
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