10 people have been arrested by the Oyo State Police Command for operating an illegal Microfinance Bank called STAAGMART Nigeria Limited situated at D69 Oyingbo, Lagos state and recovered a sum of N961,375This was made known to Newsmen by the state’s commissioner of police, Mr. Shina Olukolu while parading these suspects at the command’s headquarters in Ibadan.
Olukolu said that the command got information from the public on July 30 that some hoodlums suspected to be armed robbers lodged at S.L hotel at Boluwaji area in Ibadan.
He said that his officers led by ASP Muhammed Jamiu swung into action and apprehended the suspects.
Olukolu explained that one of the suspects, who claimed to be the Chief Executive Officer of bank, said the bank was situated in Lagos State but operates at Lokoja, Kogi state capital.
