Police detectives attached to the Ilupeju Police Station in Lagos have arrested the leader of an armed robbery gang, which allegedly specialised in attacking bullion vans, TheStreetReporters.com leant.

The sum of $118,000 and £50,000 were allegedly recovered from the suspect’s hideout at Mushin area of Lagos.

The suspect, Bolaji Oyekanmi was arrested after his gang had successfully robbed a bullion van that was carrying cash and was in transit to an unnamed bank.

A source at the command headquarters, Ikeja, told Daily Trust that after his arrest by the police team led by the Ilupeju Divisional Police Officer (DPO) Olayinka Egbeyemi, the suspect led the police to the home of a native doctor at Mushin, where the money was allegedly hidden.

It was gathered that the recovered money belongs to the Bankers Warehouse. The police source said the recovered money had since been handed over to the owners by the DPO on the order of the Commissioner of Police (CP) Fatai Owoseni.

The exemplary conduct of the DPO, Egbeyemi, was commended by the Bankers Warehouse management who told Journalists that the DPO and his team did not remove a ‘pin’ from the amount recovered.

CP Owoseni who confirmed the arrest, noted that investigation was still ongoing, adding that the suspect, who is still in police custody, would soon be charged to court.

$118,000, £50,000 Recovered As Police Nab Bullion Van Robbery Gang Leader