The Ogun State Police Command has arrested a 45-year-old man, identified as Ameachine Anthony, in connection with an alleged N2.5 million fraud, following an investigation into suspected fraudulent activities involving multiple bank accounts.

The suspect was reportedly arrested by operatives of the Igbesa Division, with the police recovering 25 Automated Teller Machine cards and several mobile phones during the operation.

The Police Public Relations Officer in the state, DSP Oluseyi Babaseyi, disclosed the development in a statement, explaining that the arrest formed part of security operations conducted across Ogun State between September 16 and 26, 2026.

According to the police spokesperson, preliminary investigations into the suspect’s activities allegedly uncovered a scheme involving utility bills and newly acquired Subscriber Identity Module cards obtained through associates to facilitate the opening of different bank accounts.

The police alleged that after the accounts were created, the ATM cards were collected and subsequently used for transactions connected with fraudulent activities.

Although the command has not disclosed the identities of other individuals who may be linked to the alleged operation, it said investigations were ongoing to establish the full circumstances surrounding the case and determine whether other persons were involved.

The suspect and the recovered items have since been transferred to the State Criminal Investigation Department, Eleweran, Abeokuta, for further investigation.

The arrest comes amid concerns over online financial fraud and the use of bank accounts and personal information in suspicious transactions. Police investigations are expected to establish the extent of the alleged activities and whether the recovered cards and devices are connected to other reported cases.

The police have continued to urge members of the public to exercise caution when conducting online transactions, particularly when dealing with sellers or individuals whose identities and business details have not been properly verified.

Residents are also advised to protect their personal banking information and avoid allowing other people to use their bank accounts, ATM cards, SIM cards or personal documents for transactions they do not fully understand or control.

The police said investigations into the alleged N2.5 million fraud were continuing, adding that the suspect would be dealt with in accordance with the law where sufficient evidence is established.